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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) | $ 0 | 04/28/2014 | A | 9,000 | 04/28/2015(2) | (3) | Common Stock | 9,000 | $ 0 | 9,000 | D | ||||
Performance Restricted Stock Units (1) | $ 0 | 04/28/2014 | A | 12,000 | 04/28/2017(4) | (3) | Common Stock | 12,000 | $ 0 | 12,000 | D | ||||
Performance Restricted Stock Units (1) | $ 0 | 04/28/2014 | A | 12,000 | 04/28/2017(5) | (3) | Common Stock | 12,000 | $ 0 | 12,000 | D | ||||
Restricted Stock Units (1) | $ 0 | 04/29/2014 | M | 450 | 04/29/2014(2) | (3) | Common Stock | 450 | $ 0 | 8,550 | D | ||||
Performance Restricted Stock Units (1) | $ 0 | 04/29/2014 | D | 8,000 (6) | (3) | (3) | Common Stock | 8,000 | $ 0 | 0 | D | ||||
Performance Restricted Stock Units (1) | $ 0 | 04/29/2014 | D | 8,000 (6) | (3) | (3) | Common Stock | 8,000 | $ 0 | 0 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
WOOD DONALD PETER C/O ABAXIS, INC. 3240 WHIPPLE ROAD UNION CITY, CA 94587 |
Chief Operating Officer |
/s/ Donald Wood | 04/30/2014 | |
**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 represents a contingent right to receive one share of Abaxis common stock. |
(2) | Granted under the Abaxis 2005 Equity Incentive Plan. Restricted Stock Units vest as to 5% after the first year; then vest as to 10% after the second year; then vest as to 15% after the third year; and the remaining 70% after the fourth year. |
(3) | Not applicable. |
(4) | Granted under the Abaxis 2005 Equity Incentive Plan. Performance Restricted Stock Units vest based on achievement of income from operations in excess of 90% of target for fiscal 2015 and based on time vesting of 50% on April 28, 2017 and 50% on April 28, 2018. |
(5) | Granted under the Abaxis 2005 Equity Incentive Plan. Performance Restricted Stock Units vest based on achievement of income from operations in excess of 100% of target for fiscal 2015 and based on time vesting of 50% on April 28, 2017 and 50% on April 28, 2018. |
(6) | Granted under the Abaxis 2005 Equity Incentive Plan. Performance Restricted Stock Units vest based on achievement of financial performance goals for fiscal 2014 and based on time vesting. Since the fiscal 2014 financial performance goals were not achieved, none of the shares vested and are cancelled. |