SEC Form 4 · accession 0001179110-15-016677
CDTI ADVANCED MATERIALS, INC. · CDTI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Period of report
Dec 18, 2015
Accepted (ET)
Dec 22, 2015 · 7:16 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000949428
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Dec 18, 2015 | M | 6,374 | $0.00 | A | 29,306 | D | |
| Common StockF1 | Dec 18, 2015 | M | 9,221 | $0.00 | A | 38,527 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Share UnitsF2,F3 | — | Dec 18, 2015 | M | 6,374 | D | — | — | Common Stock | 6,374 | 0 | D |
| Restricted Share UnitsF2,F4 | — | Dec 18, 2015 | M | 9,221 | D | — | — | Common Stock | 9,221 | 0 | D |
Explanation of responses
- F1Shares of Common Stock acquired upon settlement of Restricted Share Units (RSUs) granted on March 20, 2013 and March 13, 2014, pursuant to the Clean Diesel Technologies, Inc. (CDTI) Stock Incentive Plan and accelerated on December 11, 2015 pursuant to a Separation Agreement and Release, the settlement of which was delayed until December 18, 2015.
- F2Each RSU represents a contingent right to receive one share of CDTI's common stock.
- F3RSUs vest as to 1/3 on each the first, second and third anniversaries of the grant date. Issuance will occur on vest date subject to compliance with Issuer's Insider Trading Policy and all applicable requirements of federal, state or foreign law with respect to such securities. RSUs that have not vested at the time of the reporting person's termination of service, for any or no reason other than death, will be forfeited.
- F4RSUs vest as to 4,610 shares on March 20, 2015; 4,611 shares on March 20, 2016; and 4,610 shares on March 20, 2017. Issuance to occur as soon as practicable following the date of vesting and subject to compliance with Issuer's Insider Trading Policy, but in all cases within two and one-half months following the end of the Issuer's tax year that includes the date such RSUs vest. RSUs that have not vested at the time of the reporting person's termination of service, for any or no reason other than death or change in control, will be forfeited.
Remarks
Exhibit 24 Power of Attorney