Oliphant Jay T. 4
4 · Ecoark Holdings, Inc. · Filed Aug 18, 2017
Insider Transaction Report
Form 4
Oliphant Jay T.
Corp. Conttroller - PFO - PAO
Transactions
- Sale
Ecoark Holdings, Inc.
2017-08-16$3.02/sh−4,356$13,155→ 149,821 total
Footnotes (2)
- [F1]The transaction reported on this Form 4 was mandated by the issuers election under its 2013 Incentive Stock Plan (the Plan) to require the satisfaction of tax withholding obligations to be funded by a Rule 10b5-1 sell to cover transaction. The reporting person was awarded restricted stock under the Plan and subsequently adopted a Rule 10b5-1 trading plan that allowed dispositions solely for the limited purpose of satisfying tax withholding obligations upon the vesting of such award. The transaction reported on this Form 4 does not represent a discretionary trade by the reporting person, but rather was effected pursuant to the reporting persons 10b5-1 trading plan for the limited purpose of satisfying tax withholding obligations upon the partial vesting of the restricted stock awarded under the Plan.
- [F2]The price reported in Column 4 is a weighted average price. These shares were sold in four transactions. 356 shares were sold at $3.16, and 1,500 shares at $2.95 and 2,080 shares at $2.99, and 420 at $3.25. The reporting person undertakes to provide the issuer, any security holder of the issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price set forth in in this footnote.