4//SEC Filing
TOWERSTREAM CORP 4
Accession 0001437749-15-011597
CIK 0001349437operating
Filed
May 31, 8:00 PM ET
Accepted
Jun 1, 9:00 PM ET
Size
9.5 KB
Accession
0001437749-15-011597
Insider Transaction Report
Form 4
TOWERSTREAM CORPTWER
Urso Philip
Director10% OwnerOther
Transactions
- Exercise of In-Money
Common Stock, par value $0.001 per share
2015-05-28+2,553→ 1,361,443 total - Award
Non-Qualified Stock Option
2015-06-01+50,000→ 50,000 totalExercise: $2.07Exp: 2025-05-31→ Common Stock (50,000 underlying) - Exercise of In-Money
Non-Qualified Stock Option
2015-05-28−22,500→ 22,500 totalExercise: $1.80From: 2010-06-01Exp: 2015-05-31→ Common Stock (22,500 underlying)
Footnotes (3)
- [F1]The Reporting Person held 22,500 options which were scheduled to expire on May 31, 2015. The Reporting Person elected to exercise the options on a cashless basis which means that 19,947 shares were retained by the Company as payment for the cost to exercise the options. The Reporting Person did not directly sell any shares of common stock. The Reporting Person continues to hold the 2,553 shares received.
- [F2]Excludes 103,886 shares of common stock held in trusts for the benefit of Mr.Urso's minor children, of which Mr. Urso is not a trustee. Mr. Urso disclaims beneficial ownership of the 103,886 shares held in trusts.
- [F3]Options granted under the registrant's 2008 Non-Employee Directors Compensation Plan. The options vest ratably over a one year period commencing on the grant date.
Documents
Issuer
TOWERSTREAM CORP
CIK 0001349437
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001349437
Filing Metadata
- Form type
- 4
- Filed
- May 31, 8:00 PM ET
- Accepted
- Jun 1, 9:00 PM ET
- Size
- 9.5 KB