SEC Form 4 · accession 0001493152-15-005880
BALLANTYNE STRONG, INC. · BTN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Stephen L. Schilling
Officer — President-Digital Media
Period of report
Nov 22, 2015
Accepted (ET)
Nov 24, 2015 · 8:45 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000946454
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Options (Right to buy)F1 | $4.33 | Nov 22, 2015 | A | 100,000 | A | — | Nov 22, 2025 | Common Stock | 100,000 | 100,000 | D |
| Stock Options (Right to buy)F2 | $4.33 | Nov 22, 2015 | A | 30,000 | A | — | Nov 22, 2025 | Common Stock | 30,000 | 30,000 | D |
Explanation of responses
- F1Stock Options granted under the Company's 2010 Long-Term Incentive Plan. Stock Options vest and become exercisable in a 1/5 installment on the first anniversary date of the grant and in subsequent 1/20 installments on the first day of each subsequent quarter for four years following the first anniversary date of the grant.
- F2Stock Options granted pursuant to Mr. Schilling's Employment Agreement, which vested immediately on the date of grant.