Ostermann Robert 4/A
4/A · ARI NETWORK SERVICES INC /WI · Filed Aug 25, 2017
Insider Transaction Report
Form 4/AAmended
Ostermann Robert
Chief Technology Officer
Transactions
- Tax Payment
Common Stock
2017-07-10$6.99/sh−12,321$86,124→ 46,746 total - Exercise/Conversion
Restricted Stock
2017-06-21−33,000→ 77,000 totalExp: 2019-03-05→ Common Stock (33,000 underlying) - Exercise/Conversion
Common Stock
2017-06-21+33,000→ 59,067 total
Footnotes (3)
- [F1]Amended to properly reflect the number and price of shares withheld in respect of tax withholding, and the resulting number of shares beneficially owned by the reporting person.
- [F2]Shares of restricted stock, which vest as described in footnote (3), were initially reported on Table I of reporting person's Form 3 on November 3, 2016.
- [F3]22,000 shares of restricted stock vest at a target 30-day volume-weighted average price per shares ("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.