OPTICAL CABLE CORP 4
4 · OPTICAL CABLE CORP · Filed Feb 2, 2017
Insider Transaction Report
Form 4
SMITH TRACY G
SVP and CFO
Transactions
- Tax Payment
Common Stock
2017-01-31$3.27/sh−977$3,195→ 299,161 total - Tax Payment
Common stock
2017-01-31$3.27/sh−5,131$16,778→ 294,030 total
Footnotes (2)
- [F1]977 shares are being surrendered as allowed by the Company's Amended and Restated 2011 Stock Incentive Plan to cover the payment of taxes currently due on previously granted restricted shares.
- [F2]The transaction is a result of the partial forfeiture by Executive of unvested restricted shares granted on April 3, 2012 pursuant to the terms of the restricted share awards, whereby a portion of the restricted shares did not vest (and were forfeited) as a result of the Company not meeting certain operating performance-based objectives during certain vesting periods since the date of grant.