Filing Details
- Accession Number:
- 0001214659-14-008345
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2014-12-12 17:45:55
- Reporting Period:
- 2014-12-10
- Filing Date:
- 2014-12-12
- Accepted Time:
- 2014-12-12 17:45:55
- SEC Url:
- Form 4 Filing
Issuer
| Cik | Name | Symbol | Sector (SIC) | IRS No |
|---|---|---|---|---|
| 808326 | Emcore Corp | EMKR | Semiconductors & Related Devices (3674) | 222746503 |
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1265677 | Mark Weinswig | C/O Emcore Corporation 10420 Research Road, Se Albuquerque NM 87123 | Chief Financial Officer | No | No | No | No |
Reported Non-Derivative Transactions
| Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|---|---|---|---|---|---|
| Common Stock | Acquisiton | 2014-12-10 | 13,333 | $0.00 | 55,398 | No | 4 | M | Direct | |
| Common Stock | Acquisiton | 2014-12-10 | 10,000 | $0.00 | 65,398 | No | 4 | M | Direct | |
| Common Stock | Acquisiton | 2014-12-10 | 50,000 | $0.00 | 115,398 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2014-12-11 | 23,987 | $5.03 | 91,411 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | M | Direct | |
| No | 4 | M | Direct | |
| No | 4 | M | Direct | |
| No | 4 | S | Direct |
Reported Derivative Transactions
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Common Stock | Restricted Stock Units | Disposition | 2014-12-10 | 13,333 | $0.00 | 13,333 | $0.00 |
| Common Stock | Restricted Stock Units | Disposition | 2014-12-10 | 10,000 | $0.00 | 10,000 | $0.00 |
| Common Stock | Restricted Stock Units | Disposition | 2014-12-10 | 50,000 | $0.00 | 50,000 | $0.00 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 0 | No | 4 | M | Direct | ||
| 0 | No | 4 | M | Direct | ||
| 0 | No | 4 | M | Direct |
Reported Non-Derivative Holdings
| Sec. Name | Remaning Holdings | Nature of Ownership | Explanation |
|---|---|---|---|
| Common Stock | 6,583 | Indirect | By 401(k) Plan |
Footnotes
- Each restricted stock unit represented a contingent right to receive one share of Emcore common stock. Restricted stock units were payable, at the election of the Issuer, in cash, Emcore common stock, or a combination of the two. On December 10, 2014, the Issuer settled the restricted stock units in common stock.
- All sales were effected pursuant to a 10b5-1 plan previously adopted by the Reporting Person to satisfy the Reporting Person's tax liability in connection with the vesting of restricted stock units that were granted under the Company's 2012 Equity Incentive Plan, which grant was exempt from Section 16b pursuant to Rule 16b-3(d).
- Shares attributable to EMCORE Corporation 401(k) account as of September 30, 2014.
- Each restricted stock unit represents a contingent right to receive one share of Emcore common stock. Restricted stock units are payable, at the election of the Issuer, in cash, Emcore common stock, or a combination of the two.
- The Issuer entered into an asset purchase agreement with Photon Acquisition Corporation, an affiliate of private equity firm Veritas Capital ("Veritas"), dated September 17, 2014, to sell substantially all of the assets, and transfer substantially all of the liabilities, primarily related to or used in the Issuer's photovoltaics business to Photon Acquisition Corporation (the "Asset Sale"). On December 10, 2014, all outstanding restricted stock units of the Reporting Person vested upon consummation of the Asset Sale.
- The restricted stock units were awarded to the Reporting Person for no cash or other similar consideration.
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