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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 | ||||||||
Stock Option (right to buy) | $ 1.51 | 09/28/2017 | M | 62,700 | (1) | 09/28/2017 | Common Stock | 62,700 | $ 0 | 0 | D | ||||
Stock Option (Right to buy) | $ 2.5 | 09/28/2017 | J | 59,175 | 08/26/2016 | 09/28/2017 | Common Stock | 59,175 | $ 0 | 0 | D | ||||
Stock Option (Right to Buy) | $ 2.5 | 09/28/2017 | J | 59,175 | 09/28/2017 | 06/30/2022 | Common Stock | 59,175 | $ 0 | 59,175 (2) | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Young Jason Taney C/O ARC GROUP WORLDWIDE, INC. 810 FLIGHTLINE BLVD DELAND, FL 32724 |
Former Director & CEO |
Jason Taney Young | 09/29/2017 | |
**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) | Options granted on January 15, 2016. An aggregate of 62,700 options vested in 20% increments on each of January 15, 2016 and January 15, 2017. |
(2) | Effective September 28, 2017, options exercisable for an aggregate of 59,175 shares of common stock, at an exercise price of $2.50 per share, expiring September 28, 2017 (the "Prior Options"), were exchanged for options exercisable for an aggregate of 59,175 shares of common stock, at an exercise price of $2.50 per share, expiring June 30, 2022 (the "Exchange Options"). The Exchange Options were issued in respect of all Prior Options that had fully vested on or prior to June 30, 2017. The Exchange Options were issued in accordance with the terms and conditions of that certain separation agreement entered into between the reporting person and the issuer, effective June 30, 2017. |