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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 | 05/10/2018 | E | 41,800 | (1) | 05/15/2023(3) | Common Stock | 41,800 | $ 0 | 164,485 | D | ||||
Stock Option (Right to Buy) | $ 4.4 | 05/10/2018 | E | 74,575 | (2) | 02/10/2027(3) | Common Stock | 74,575 | $ 0 | 89,910 | D | ||||
Stock Option (Right to Buy) | $ 1.51 | 08/03/2018 | X | 22,700 | 05/10/2018 | 01/15/2023 | Common Stock | 22,700 | $ 0 | 67,210 (4) | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Kelley Drew M. C/O ARC GROUP WORLDWIDE, INC. 810 FLIGHTLINE BLVD DELAND, FL 32724 |
Former Officer |
/s/ Drew M. Kelley | 08/07/2018 | |
**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) | Upon departure from the Company on May 10, 2018, 41,800 unvested shares were forfeited of a grant of 104,500 shares granted on January 15, 2016, which vested 20% upon grant and 20% on each anniversary thereof. All unvested shares were forfeited upon departure. |
(2) | Upon departure from the Company on May 10, 2018, 74,575 shares granted on February 10, 2017, vesting on the date in which the closing price of the Company's common stock on five or more consecutive trading days is equal to or greater than two times the exercise price, as long as such date is on or prior to December 31, 2018. As the price vesting was not met upon departure, the shares were forfeited. |
(3) | Expiration date was per original grant. Upon departure, expiration date for all unvested shares was accelerated to date of departure. |
(4) | As of the date of this report and after giving effect to all transactions disclosed herein, the reporting person holds options exercisable for the purchase of 67,210 shares of the issuer's common stock at various exercise prices. All such remaining options if not exercised prior to August 10, 2018 will terminate. |