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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) |
1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and Amount of Underlying Securities (Instr. 3 and 4) |
8. Price of Derivative Security (Instr. 5) |
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Restricted Stock Units | (1) (2) | 05/12/2017 | J(3) | 30,902 | (4) | 03/15/2021 | Common Stock | 30,902 | (3) | 29,098 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Brog Timothy C/O RUBICON TECHNOLOGY, INC., 900 EAST GREEN ST., UNIT A BENSENVILLE, IL 60106 |
X | President and CEO |
/s/ Timothy E. Brog | 05/15/2017 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) | Each restricted stock unit ("RSU") represents or represented a contingent right to receive one share of the Company's common stock. |
(2) | Pursuant to their terms, the RSUs set forth herein were automatically adjusted in connection with the 1-for-10 reverse stock split of the Company's common stock which occurred on May 5, 2017. |
(3) | 30,902 RSUs were canceled and rescinded pursuant to the terms of the Amended and Restated Executive Employment Agreement, dated May 12, 2017, between Mr. Brog and the Company (the "Agreement"). |
(4) | 902, 15,000 and 15,000 of such RSUs would have vested if prior to March 15, 2021 the 15-trading day average closing price of the Company's common stock was greater than or equal to the target prices of $11.00, $12.50 and $14.00, respectively. |