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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 |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Judge John P C/O DATAWATCH CORPORATION 271 MILL ROAD, QUORUM OFFICE PARK CHELMSFORD, MA 01824 |
Senior VP of Worldwide Sales |
By: /s/ William B. Asher, Jr. | 11/11/2015 | |
**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) | The securities awarded on 11/10/2015 are in the form of restricted stock units (RSUs) issued pursuant to the issuer's Second Amended and Restated 2011 Equity Compensation and Incentive Plan. 20,000 of the RSUs are time-based RSU awards. Of these, 6,666 RSUs will vest on 11/15/2016 and an additional 6,666 RSUs will vest at 11/15/2017, with the final 6,667 RSUs vesting on 11/15/2018. This vesting schedule is subject to acceleration in certain instances in connection with an acquisition or other change of control event. |
(2) | The other 10,000 of the RSUs are performance-based RSU awards. 5,000 of these performance-based awards will vest following Datawatch's release of fiscal 2016 first quarter earnings only if the issuer attains a specified number of sales to new, unique customers during that quarter. The other 5,000 performance-based awards will vest following Datawatch's release of fiscal 2016 second quarter earnings only if the issuer Mr. Judge achieves an individual performance objective to be established for that quarter and the issuer's executive team achieves an executive team-based performance objective to be established for that quarter. Mr. Judge's individual performance objective and the executive team performance objective will be established, and the achievement of the objectives determined, by the issuer's chief executive officer. |
(3) | This amount no longer includes the 5,000 performance-based RSUs awarded to Mr. Judge on 11/20/14 which did not vest. |