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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 | ||||||||
stock options (3) | $ 0.18 | 01/01/2017 | A | 10,000 | (4) | (5) | common stock | 10,000 | $ 0 | 10,000 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Woolard Edgar S Jr C/O ACORN ENERGY, INC. 3844 KENNETT PIKE WILMINGTON, DE 19807 |
X |
Edgar S. Woolard, Jr. | 01/04/2017 | |
**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) | Awarded in lieu of cash fees for service on the issuer's Board of Directors. |
(2) | 94,444 shares were granted in lieu of $17,000 in cash fees, based on the closing price of the stock on the OTCQB on December 30, 2016 of $0.18. |
(3) | Granted pursuant to the issuer's 2006 Stock Incentive Plan in connection with the reporting person's service on the Board of Directors. |
(4) | One-fourth of the options are immediately exercisable; an additional one-fourth become exercisable on each of 4/1/17, 7/1/17 and 10/1/17. |
(5) | Options expire upon the earlier of (a) 1/1/24 or (b) 18 months from the date the reporting person ceases to be a director, officer, employee or consultant. |