4//SEC Filing
GREWAL MARK S 4
Accession 0001249155-17-000053
CIK 0001477246other
Filed
Aug 6, 8:00 PM ET
Accepted
Aug 7, 8:44 PM ET
Size
11.6 KB
Accession
0001249155-17-000053
Insider Transaction Report
Form 4
S&W Seed CoSANW
GREWAL MARK S
DirectorPresident and CEO
Transactions
- Exercise/Conversion
Common Stock
2017-07-27+25,415→ 160,879 total - Tax Payment
Common Stock
2017-07-27$4.05/sh−9,551$38,682→ 151,328 total - Sale
Common Stock
2017-08-03$3.50/sh−29,938$104,807→ 121,390 total - Exercise/Conversion
Restricted Stock Units
2017-07-27−25,415→ 0 total→ Common Stock (25,415 underlying)
Footnotes (5)
- [F1]The aggregate of 25,415 shares of common stock represents the total number of previously unvested restricted stock units ("RSUs") awarded to the reporting person on July 15, 2015 and October 5, 2016, all of which were accelerated in connection with the reporting person's departure as the President, Chief Executive Officer and a director of the Issuer. The shares of common stock were issued upon conversion of the RSUs in exempt transactions pursuant to Rule 16b-3.
- [F2]The reporting person is reporting the withholding by the Issuer of an aggregate of 9,551 shares of common stock to satisfy the reporting person's tax withholding obligations in connection with the delivery of common stock upon conversion of the RSUs referred to above.
- [F3]The sales reported on this form 4 were made in multiple trades at prices ranging between $3.45 and $3.575. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request of the Securities and Exchange Commission or its staff, the Issuer or a security holder of the Issuer, full information regarding the number of shares sold at each separate price for all transactions reported on this Form 4. The reporting person purchased 24,000 shares of common stock on May 19, 2017, as reported on his Form 4 filed on May 22, 2017; however, those shares were purchased at $4.10 and $4.20. Accordingly, there is no short-swing profit resulting fro the sales reported on this Form 4.
- [F4]Each RSU is the economic equivalent of one share of S&W Seed Compay common stock. On July 27, 2017, the date of issuance, the closing price of the Issuer's common stock was $3.60.
- [F5]All of the reporting person's awarded RSUs accelerated upon his departure as President, Chief Executive Officer and a director, and the shares were issued upon execution by the reporting person and the Issuer of a Resignation and Separation Agreement.
Documents
Issuer
S&W Seed Co
CIK 0001477246
Entity typeother
Related Parties
1- filerCIK 0001488713
Filing Metadata
- Form type
- 4
- Filed
- Aug 6, 8:00 PM ET
- Accepted
- Aug 7, 8:44 PM ET
- Size
- 11.6 KB