4//SEC Filing
AWARE INC /MA/ 4
Accession 0001179110-16-031145
$AWRECIK 0001015739operating
Filed
Nov 2, 8:00 PM ET
Accepted
Nov 3, 4:24 PM ET
Size
11.5 KB
Accession
0001179110-16-031145
Insider Transaction Report
Form 4
AWARE INC /MA/AWRE
STAFFORD JOHN S JR
10% Owner
Transactions
- Purchase
Common Stock
2016-11-01$5.22/sh+286,671$1,497,856→ 321,671 total - Gift
Common Stock
2016-11-01+286,671→ 286,671 total(indirect: By Trust) - Gift
Common Stock
2016-11-01−286,671→ 35,000 total
Holdings
- 275,899(indirect: By Proxy)
Common Stock
Stafford Susan Yang
10% Owner
Transactions
- Purchase
Common Stock
2016-11-01$5.22/sh+286,671$1,497,856→ 321,671 total - Gift
Common Stock
2016-11-01+286,671→ 286,671 total(indirect: By Trust) - Gift
Common Stock
2016-11-01−286,671→ 35,000 total
Holdings
- 275,899(indirect: By Proxy)
Common Stock
Footnotes (4)
- [F1]On November 1, 2016 John R. Stafford, Jr. and his spouse Susan Yang Stafford engaged in a series of private transactions for estate planning purposes with members of their immediate family and trusts controlled by them that resulted in the acquisition of 286,671 shares of common stock (the "Shares") of Aware, Inc. (the "Company") beneficially owned by a family trust (the "Family Trust"). In consideration of the Shares, Mr. & Mrs. Stafford contributed to the Family Trust cash consideration for the Shares based on the then fair market value of the shares.
- [F2]Represents the average of the high and low prices for the Shares as reported on the Nasdaq Global Market on October 31, 2016.
- [F3]On November 1, 2016, the Shares acquired by Mr. & Mrs. Stafford from the Family Trust were gifted to a revocable trust of Mr. Stafford (the "Revocable Trust").
- [F4]Mr. Stafford holds proxies from the holders of 275,899 shares of common stock granting him the exclusive right to vote those shares of common stock. Mr. Stafford does not have the right to dispose of such shares of common stock nor does he have any pecuniary interest in such shares of common stock. Accordingly, pursuant to Rule 13d-4, Mr. Stafford disclaims beneficial ownership of the 275,899 shares of common stock that are the subject of these proxies.
Documents
Issuer
AWARE INC /MA/
CIK 0001015739
Entity typeoperating
IncorporatedMA
Related Parties
1- filerCIK 0001015739
Filing Metadata
- Form type
- 4
- Filed
- Nov 2, 8:00 PM ET
- Accepted
- Nov 3, 4:24 PM ET
- Size
- 11.5 KB