Filing Details
- Accession Number:
- 0001513162-13-000205
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2013-03-20 19:20:38
- Reporting Period:
- 2013-03-19
- Filing Date:
- 2013-03-20
- Accepted Time:
- 2013-03-20 19:20:38
- SEC Url:
- Form 4 Filing
Issuer
| Cik | Name | Symbol | Sector (SIC) | IRS No |
|---|---|---|---|---|
| 949428 | Clean Diesel Technologies Inc | CDTI | Industrial & Commercial Fans & Blowers & Air Purifing Equip (3564) | 061393453 |
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1543553 | Craig Robert Breese | C/O Clean Diesel Technologies, Inc. 4567 Telephone Road, Suite 100 Ventura CA 93003 | Chief Executive Officer | Yes | Yes | 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 | 2013-03-19 | 16,490 | $0.00 | 16,490 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2013-03-20 | 6,244 | $2.19 | 10,246 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| 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 Share Units | Disposition | 2013-03-19 | 16,490 | $0.00 | 16,490 | $0.00 |
| Common Stock | Restricted Share Units | Acquisiton | 2013-03-20 | 106,241 | $0.00 | 106,241 | $0.00 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 42,402 | No | 4 | M | Direct | ||
| 106,241 | No | 4 | A | Direct |
Footnotes
- Shares of Common Stock acquired upon settlement of Restricted Share Units (RSUs) granted March 8, 2012 pursuant to New Employee Inducement Award.
- Shares were sold to cover the reporting person's tax obligation in connection with the vesting of RSUs and conversion into shares of Common Stock.
- The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $2.18 to $2.21, inclusive. The reporting person undertakes to provide CDTI, any security holder of CDTI 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 range set forth in this footnote to this Form 4.
- Each RSU represents a contingent right to receive one share of CDTI common stock.
- RSUs vest as to 28% on March 8, 2013 and 9% quarterly thereafter, beginning June 20, 2013. RSUs will be paid to the Participant (or in the event of the Participant's death, to his or her estate) as soon as practicable following the date of vesting, but in all cases within two and one-half (2 1/2) months following the end of the Issuer's tax year that includes the date such RSUs vest. RSUs that have not vested at the time of the reporting person's termination of service, for any or no reason, will be forfeited.
- RSUs vest as to 1/3 on each the first, second and third anniversaries of the grant date. Issuance will occur on vest date subject to compliance with Issuer's Insider Trading Policy and all applicable requirements of federal, state or foreign law with respect to such securities. RSUs that have not vested at the time of the reporting person's termination of service, for any or no reason other than death, will be forfeited.
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