Sunshine Heart, Inc. 4
4 · Sunshine Heart, Inc. · Filed Jan 17, 2017
Insider Transaction Report
Form 4
Drayton Claudia
Chief Financial Officer
Transactions
- Tax Payment
Common Stock
2017-01-15$8.19/sh−54$442→ 762 total
Footnotes (2)
- [F1]On January 12, 2017, the Issuer effected a 1-for-30 reverse stock split of the issued and outstanding shares of its common stock. The monthly vesting of restricted stock units (RSUs) was adjusted to reflect the reverse stock split, and as a result, 54 shares were withheld to satisfy the insider's tax withholding obligation related to the vesting of 106 RSUs.
- [F2]Upon effectiveness of the reverse stock split, every 30 shares of common stock was automatically converted into one share of common stock, resulting in a decrease of the insider's common stock holdings of 23,665 shares.