MITEK SYSTEMS INC 4
4 · MITEK SYSTEMS INC · Filed May 4, 2016
Insider Transaction Report
Form 4
CLARK RUSSELL C.
Chief Financial Officer
Transactions
- Exercise/Conversion
Stock Option (Right to Buy)
2016-05-02$2.66/sh−66,666$177,332→ 420,834 totalExercise: $2.66From: 2015-11-04Exp: 2024-11-04→ Common Stock (66,666 underlying) - Sale
Common Stock
2016-05-02$8.03/sh−97,134$779,743→ 178,104 total - Exercise/Conversion
Common Stock
2016-05-02$2.34/sh+30,468$71,295→ 287,672 total - Exercise/Conversion
Stock Option (Right to Buy)
2016-05-02$2.24/sh−30,468$68,248→ 390,366 totalExercise: $2.34From: 2013-11-14Exp: 2022-11-14→ Common Stock (30,468 underlying) - Exercise/Conversion
Common Stock
2016-05-02$2.66/sh+66,666$177,332→ 257,204 total - Sale
Common Stock
2016-05-02$8.03/sh−12,434$99,825→ 275,238 total
Footnotes (6)
- [F1]The reporting person sold the shares in connection with a financial diversification plan, which shares represent 9.86% of the reporting person's holdings.
- [F2]The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $7.96 - $8.16, inclusive. The reporting person undertakes to provide to Mitek Systems, Inc., any security holder of Mitek Systems, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth this footnote 2.
- [F3]The reporting person sold the shares in connection with a financial diversification plan, which shares represent 6.34% of the reporting person's holdings.
- [F4]The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $7.96 - $8.16, inclusive. The reporting person undertakes to provide to Mitek Systems, Inc., any security holder of Mitek Systems, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth this footnote 4.
- [F5]The option, representing a right to purchase a total of 200,000 shares, became exerciseable on November 4, 2015, which was the first anniversary of the date on which the option was granted. Twenty-five percent of the shares vested on November 4, 2015 and the remainder vested monthly thereafter in thirty-six equal installments.
- [F6]The option, representing a right to purchase a total of 37,500 shares, became exerciseable on November 14, 2013, which was the first anniversary of the date on which the option was granted. Twenty-five percent of the shares vested on November 14, 2013 and the remainder vested monthly thereafter in thirty-six equal installments.