SenesTech, Inc. 4
4 · SenesTech, Inc. · Filed Dec 29, 2016
Insider Transaction Report
Form 4
SenesTech, Inc.SNES
CHESTERMAN THOMAS C
CFO and Treasurer
Transactions
- Exercise/Conversion
Common Stock
2016-12-27+10,494→ 10,494 total - Tax Payment
Common Stock
2016-12-27$8.19/sh−3,221$26,380→ 7,273 total - Exercise/Conversion
Restricted Stock Units
2016-12-27−10,494→ 0 total→ Common Stock (10,494 underlying)
Footnotes (2)
- [F1]These shares of Common Stock were acquired upon settlement of restricted stock units ("RSUs") granted to the reporting person on December 19, 2016. The RSUs were fully vested and on December 27, 2016 settled for 7,273 shares of Common Stock, the amount of which was calculated by (a) $85,000 divided by the closing market price of the Common Stock on the date of grant, which was $8.10, for a maximum of 10,494 shares of Common Stock, less (b) 3,221, which is the number of shares of Common Stock necessary for tax payments to be made on the reporting person's behalf per the terms of the agreement governing the RSUs.
- [F2]This transaction represents the settlement of RSUs as described in Footnote 1. The RSUs were fully-vested on the date of grant.