Gaulding John 4
4 · Energous Corp · Filed Jan 4, 2018
Insider Transaction Report
Form 4
Energous CorpWATT
Gaulding John
Director
Transactions
- Sale
Common Stock
2018-01-03$23.67/sh−11,353$268,714→ 111,388 total - Award
Common Stock
2018-01-02+25,000→ 122,741 total - Award
Common Stock
2018-01-02+26,929→ 97,741 total
Footnotes (5)
- [F1]Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of common stock.
- [F2]The RSU vests in three equal annual installments on January 2, 2019, 2020, and 2021, subject to the reporting person's continued service to the Issuer. The RSU was granted to the Reporting Person on January 2, 2018 pursuant to the Company's nonemployee director compensation policy.
- [F3]This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person.
- [F4]Represents the number of shares required to be sold by the reporting person to cover tax withholding obligations in connection with the vesting of a restricted stock unit grant that was previously reported in Table I on the Form 4 filed on June 16, 2017. This sale is mandated by the Issuer's election under its equity incentive plans to require the satisfaction of tax withholding obligations to be funded by a "sell to cover" transaction and does not represent a discretionary trade by the reporting person.
- [F5]Represents a weighted average sales price per share. These shares were sold in multiple transactions at prices ranging from $23.57 to $23.89 per share. The Reporting Person has provided to the Issuer, and undertakes to provide to the staff of the Securities and Exchange Commission or any security holder of the Issuer, upon request, full information regarding the number of shares purchased at each separate price within the range.