KEYW HOLDING CORP 4
4 · KEYW HOLDING CORP · Filed Mar 15, 2017
Insider Transaction Report
Form 4
PISANO CAROLINE S
Director
Transactions
- Exercise of In-Money
Common stock, par value $0.001
2017-03-14$9.25/sh+20,000$185,000→ 887,839 total - Exercise of In-Money
Warrants to purchase common stock
2017-03-14−20,000→ 0 totalExercise: $9.25From: 2010-03-15Exp: 2017-03-15→ Common stock, par value $0.001 (20,000 underlying) - Sale
Common stock, par value $0.001
2007-03-14$9.30/sh−19,896$184,993→ 867,943 total
Footnotes (1)
- [F1]Warrant Exercised by "Net Issue Exercise" by the following formula: X = Y (A-B)/A Where X = the number of shares of Common Stock to be issued to the Registered Holder Y = the number of shares of Common Stock purchasable under the Warrant(at the date of such exercise) A = the fair market value of one share of the Company's Common Stock (as calculated below) B = Warrant Exercise Price of $9.25. For purposes of the above calculation, the fair market value per share shall be the average of the closing prices of the Company's Common Stock quoted on the exchange on which the Common Stock is listed over the five(5)trading day period ending on the trading day immediately preceding the day the Warrant is being exercised. The average closing price was $9.2980.