SOFTECH INC 4
4 · SOFTECH INC · Filed Sep 12, 2014
Insider Transaction Report
Form 4
SOFTECH INCSOFT
COOPER J PHILLIP
Director
Transactions
- Award
Stock Option
2014-01-22$2.75/sh+1,000$2,750→ 7,000 totalExercise: $2.75Exp: 2024-01-22→ Common Stock (1,000 underlying) - Award
Stock Option
2014-04-08$1.84/sh+10,000$18,400→ 17,000 totalExercise: $1.84Exp: 2024-04-08→ Common Stock (10,000 underlying) - Disposition to Issuer
Common Stock, $.10 par value
2014-06-03$5.50/sh−5,000$27,500→ 25,000 total - Sale
Common Stock, $.10 par value
2014-08-25$2.60/sh−20$52→ 22,048 total - Sale
Common Stock, $.10 par value
2014-08-25$2.40/sh−1,181$2,834→ 20,867 total - Sale
Common Stock, $.10 par value
2014-08-22$2.70/sh−2,932$7,928→ 22,068 total - Award
Stock Option
2012-12-19$3.40/sh+1,000$3,400→ 6,000 totalExercise: $3.40Exp: 2022-12-19→ Common Stock (1,000 underlying)
Footnotes (3)
- [F1]Pursuant to the terms of the Securities Purchase Agreement between the Company and the Reporting Person, dated November 30, 2012, the holder of these shares has exercised the right to require the Company to repurchase for cash 5,000 shares for a repurchase price of $5.50 per share for a period of 30-days following the 18-month anniversary of the closing.
- [F2]The options become exercisable in monthly equal installments for three years commencing on the date of grant.
- [F3]The options become exercisable in monthly equal installments for two years commencing on the date of grant.