4//SEC Filing
SOFTECH INC 4
Accession 0001078782-14-001674
CIK 0000354260operating
Filed
Sep 11, 8:00 PM ET
Accepted
Sep 12, 3:57 PM ET
Size
15.8 KB
Accession
0001078782-14-001674
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.
Documents
Issuer
SOFTECH INC
CIK 0000354260
Entity typeoperating
IncorporatedMA
Related Parties
1- filerCIK 0000354260
Filing Metadata
- Form type
- 4
- Filed
- Sep 11, 8:00 PM ET
- Accepted
- Sep 12, 3:57 PM ET
- Size
- 15.8 KB