Filing Details
- Accession Number:
- 0001078782-14-001674
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2014-09-12 15:57:10
- Reporting Period:
- 2012-12-19
- Filing Date:
- 2014-09-12
- Accepted Time:
- 2014-09-12 15:57:10
- SEC Url:
- Form 4 Filing
Issuer
| Cik | Name | Symbol | Sector (SIC) | IRS No |
|---|---|---|---|---|
| 354260 | Softech Inc | SOFT | Services-Computer Integrated Systems Design (7373) | 042453033 |
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1242499 | Phillip J Cooper | C/O Softech, Inc. 650 Suffolk Street, Ste 415 Lowell MA 01854 | Yes | 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, $.10 Par Value | Disposition | 2014-06-03 | 5,000 | $5.50 | 25,000 | No | 4 | D | Direct | |
| Common Stock, $.10 Par Value | Disposition | 2014-08-22 | 2,932 | $2.70 | 22,068 | No | 4 | S | Direct | |
| Common Stock, $.10 Par Value | Disposition | 2014-08-25 | 20 | $2.60 | 22,048 | No | 4 | S | Direct | |
| Common Stock, $.10 Par Value | Disposition | 2014-08-25 | 1,181 | $2.40 | 20,867 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | D | Direct | |
| No | 4 | S | Direct | |
| No | 4 | S | Direct | |
| No | 4 | S | Direct |
Reported Derivative Transactions
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Common Stock | Stock Option | Acquisiton | 2012-12-19 | 1,000 | $3.40 | 1,000 | $3.40 |
| Common Stock | Stock Option | Acquisiton | 2014-01-22 | 1,000 | $2.75 | 1,000 | $2.75 |
| Common Stock | Stock Option | Acquisiton | 2014-04-08 | 10,000 | $1.84 | 10,000 | $1.84 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 6,000 | 2022-12-19 | No | 4 | A | Direct | |
| 7,000 | 2024-01-22 | No | 4 | A | Direct | |
| 17,000 | 2024-04-08 | No | 4 | A | Direct |
Footnotes
- Pursuant to the terms of the Securities Purchase Agreement between the Company and the Reporting Person, dated November 30, 2012, the holder of these shares has exercised the right to require the Company to repurchase for cash 5,000 shares for a repurchase price of $5.50 per share for a period of 30-days following the 18-month anniversary of the closing.
- The options become exercisable in monthly equal installments for three years commencing on the date of grant.
- The options become exercisable in monthly equal installments for two years commencing on the date of grant.
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