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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) |
1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and Amount of Underlying Securities (Instr. 3 and 4) |
8. Price of Derivative Security (Instr. 5) |
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Options to Purchase Common Stock | $ 7.76 | 03/08/2018 | M | 19,779 | 10/02/2015 | 10/02/2018 | Common Stock | 19,779 (1) | $ 0 | 221 | D | ||||
Options to Purchase Common Stock | $ 7.76 | 03/09/2018 | M | 221 | 10/02/2015 | 10/02/2018 | Common Stock | 221 | $ 0 | 0 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Everett William H C/O ISSUER DIRECT CORP. 500 PERIMETER PARK DRIVE, SUITE D MORRISVILLE, NC 27560 |
/s/ William H. Everett | 03/12/2018 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) | This Form 4 is being filed to report the exercise of a non-statutory stock option for a total of 20,000 shares of Common Stock, with 19,779 shares being acquired on March 8, 2018 and 221 shares being acquired on March 9, 2018. The stock option was initially granted to the Reporting Person on October 2, 2013 for an aggregate of 40,000 shares of Common Stock at an exercise price of $7.76 per share (the "Initial Option"). Simultaneously with the exercise of the stock option, the Reporting Person sold (i) 9,227 shares of Common Stock on March 8, 2018 in the open market at a weighted average price of $16.63 per share in order to pay for option exercise price of $153,485 and (ii) 104 shares of Common Stock on March 9, 2018 in the open market at a weighted average price of $16.47 per share in order to pay for option exercise price of $1,715. As a result of these transactions, the Reporting Person, on a net basis, acquired ownership of 10,661 shares of Common Stock. The Reporting Person no longer has any shares of Common Stock exercisable under the Initial Option. |
(2) | The $16.63 represents a weighted average price. The price range of such transactions was $16.50 to $16.85. The Reporting Person undertakes to provide upon request by the Securities and Exchange Commission staff, the issuer, or a security holder of the issuer full information regarding the number of shares sold at each separate price. |
(3) | The Reporting Person sold 3,908 of these shares in order to pay income taxes relating to the exercise of stock options as more fully described in Footnote 1 above. |
(4) | The $16.21 represents a weighted average price. The price range of such transactions was $16.05 to $16.475. The Reporting Person undertakes to provide upon request by the Securities and Exchange Commission staff, the issuer, or a security holder of the issuer full information regarding the number of shares sold at each separate price. |