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Filing Details

Accession Number:: 0000899243-16-019239
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2016-05-04 21:53:30
Reporting Period:: 2016-05-02

Filing Date:: 2016-05-04
Accepted Time:: 2016-05-04 21:53:30
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
807863	Mitek Systems Inc	MITK	Computer Peripheral Equipment, Nec (3577)	870418827

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1437701	C. Russell Clark	8911 Balboa Avenue Suite B San Diego CA 92123	Chief Financial Officer	No	Yes	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
Common Stock	Acquisiton	2016-05-02	66,666	$2.66	257,204	No	4	M	Direct
Common Stock	Acquisiton	2016-05-02	30,468	$2.34	287,672	No	4	M	Direct
Common Stock	Disposition	2016-05-02	12,434	$8.03	275,238	No	4	S	Direct
Common Stock	Disposition	2016-05-02	97,134	$8.03	178,104	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	M	Direct
No	4	M	Direct
No	4	S	Direct
No	4	S	Direct

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Stock Option (Right to Buy)	Disposition	2016-05-02	66,666	$2.66	66,666	$2.66
Common Stock	Stock Option (Right to Buy)	Disposition	2016-05-02	30,468	$2.24	30,468	$2.34

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
420,834	2015-11-04	2024-11-04	No	4	M	Direct
390,366	2013-11-14	2022-11-14	No	4	M	Direct

Footnotes

The reporting person sold the shares in connection with a financial diversification plan, which shares represent 9.86% of the reporting person's holdings.
The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $7.96 - $8.16, inclusive. The reporting person undertakes to provide to Mitek Systems, Inc., any security holder of Mitek Systems, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth this footnote 2.
The reporting person sold the shares in connection with a financial diversification plan, which shares represent 6.34% of the reporting person's holdings.
The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $7.96 - $8.16, inclusive. The reporting person undertakes to provide to Mitek Systems, Inc., any security holder of Mitek Systems, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth this footnote 4.
The option, representing a right to purchase a total of 200,000 shares, became exerciseable on November 4, 2015, which was the first anniversary of the date on which the option was granted. Twenty-five percent of the shares vested on November 4, 2015 and the remainder vested monthly thereafter in thirty-six equal installments.
The option, representing a right to purchase a total of 37,500 shares, became exerciseable on November 14, 2013, which was the first anniversary of the date on which the option was granted. Twenty-five percent of the shares vested on November 14, 2013 and the remainder vested monthly thereafter in thirty-six equal installments.