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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 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 | ||||||||
Employee Stock Options (right to buy) (1) | $ 1.09 | 08/04/2017 | A | 50,000 | 08/04/2018(2) | 08/03/2027 | Common Stock | 50,000 | $ 0 | 50,000 (3) | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
WESCH DAVID 1300 GUADALUPE STREET SUITE 1300 AUSTIN, TX 78701 |
Acting CAO |
/s/ David Wesch | 08/08/2017 | |
**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) | Employee stock options (right to buy)("Options") granted pursuant to Issuer's 2011 Amended and Restated Equity Incentive Plan. |
(2) | Options vest over three years. One-third of the Options vest on the first anniversary of the grant date, which is August 4, 2018. The balance vest proportionately each month during the remaining two years beginning September 4, 2018 through August 4, 2020. |
(3) | Reporting Person also holds Options to purchase the following shares of common stock (i) 36,675 shares granted 2/2/2017, (ii) 20,000 shares granted 1/10/2017, (iii) 25,000 shares granted 11/2/2016, (iv) 30,000 shares granted 6/9/2016, (v) 12,250 shares granted 12/9/2015, (vi) 10,000 shares granted 8/3/2015, and (vii) 25,000 shares granted 5/29/2015. |