Pollack Jonathan 4
4 · CECO ENVIRONMENTAL CORP · Filed Nov 25, 2019
Insider Transaction Report
Form 4
Pollack Jonathan
Director
Transactions
- Tax Payment
Common Stock
2019-11-22$7.79/sh−33,772$263,253→ 76,079 total - Exercise/Conversion
Common Stock
2019-11-22$4.05/sh+65,000$263,250→ 109,851 total - Exercise/Conversion
Option (right to buy)
2019-11-22−65,000→ 0 totalExercise: $4.05From: 2010-12-13Exp: 2019-12-13→ Common Stock (65,000 underlying)
Holdings
- 85,200(indirect: See footnote)
Common Stock
- 2,300(indirect: By Spouse)
Common Stock
Footnotes (2)
- [F1]On November 22, 2019, the reporting person exercised in full an option to purchase 65,000 shares of common stock of CECO Environmental Corp. ("CECO") for $4.05 per share on a cashless basis, resulting in the net issuance of 31,228 shares to the reporting person. The payment of the exercise price of the option on a cashless basis was previously approved by the Compensation Committee of the Board of Directors of CECO for purposes of Rule 16b-3(e) under the Securities Exchange Act of 1934.
- [F2]These shares are owned directly by JMP FAM Holdings Inc., and indirectly by Jonathan Pollack. Jonathan Pollack is deemed to control JMP FAM Holdings Inc. because he has sole voting and dispositive power of the shares of common stock of the Issuer owned directly by JMP FAM Holdings Inc.