ARI NETWORK SERVICES INC /WI 4
4 · ARI NETWORK SERVICES INC /WI · Filed Jul 12, 2017
Insider Transaction Report
Form 4
Ostermann Robert
Chief Technology Officer
Transactions
- Tax Payment
Common Stock
2017-07-10−14,354→ 44,713 total - Exercise/Conversion
Common Stock
2017-06-21+33,000→ 59,067 total - Exercise/Conversion
Restricted Stock
2017-06-21−33,000→ 77,000 totalExp: 2019-03-05→ Common Stock (33,000 underlying)
Footnotes (2)
- [F1]Shares of restricted stock, which vest as described in footnote (2), were initially reported on Table I of reporting person's Form 3 on November 3, 2016.
- [F2]22,000 shares of restricted stock vest at a target 30-day volume-weighted average price per share ("VWAP") of ARI Network Services, Inc.'s common stock of $7.00; 22,000 shares of restricted stock vest at a target VWAP of $8.00; and 33,000 shares of restricted stock vest at a target VWAP of $9.00.