0001415889-16-006283.txt : 20160621 0001415889-16-006283.hdr.sgml : 20160621 20160621184330 ACCESSION NUMBER: 0001415889-16-006283 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20160620 FILED AS OF DATE: 20160621 DATE AS OF CHANGE: 20160621 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: AUTOBYTEL INC CENTRAL INDEX KEY: 0001023364 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-COMPUTER PROGRAMMING, DATA PROCESSING, ETC. [7370] IRS NUMBER: 330711569 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 18872 MACARTHUR BLVD STREET 2: SUITE 200 CITY: IRVINE STATE: CA ZIP: 92612-1400 BUSINESS PHONE: 9492254500 MAIL ADDRESS: STREET 1: 18872 MACARTHUR BLVD STREET 2: SUITE 200 CITY: IRVINE STATE: CA ZIP: 92612-1400 FORMER COMPANY: FORMER CONFORMED NAME: AUTOBYTEL INC DATE OF NAME CHANGE: 20010905 FORMER COMPANY: FORMER CONFORMED NAME: AUTOBYTEL COM INC DATE OF NAME CHANGE: 19981230 FORMER COMPANY: FORMER CONFORMED NAME: AUTO BY TEL CORP DATE OF NAME CHANGE: 19960920 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: COATS JEFFREY H CENTRAL INDEX KEY: 0001198594 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-34761 FILM NUMBER: 161725328 4 1 form4-06212016_030621.xml X0306 4 2016-06-20 0001023364 AUTOBYTEL INC ABTL 0001198594 COATS JEFFREY H 18872 MACARTHUR BLVD. SUITE 200 IRVINE CA 92612 true true false false PRESIDENT AND CEO Employee Stock Option (Right to Buy) 17.09 2016-06-20 4 A 0 150000 0 A 2023-01-21 Common Stock 150000 150000 D Employee Stock Option (Right to Buy) 17.09 2016-06-20 4 A 0 100000 0 A 2023-01-21 Common Stock 100000 100000 D The option grants were approved by the Compensation Committee of the Company's Board of Directors on January 21, 2016, subject to stockholder approval of the amendment and restatement of the equity compensation plan under which the options were granted. The Company's stockholders approved the amendment and restatement on June 20, 2016. These options will become vested and exercisable as follows: (i) 33 1/3% will vest and become exercisable on January 21, 2017; and (ii) 1/36th will vest and become exercisable on each successive monthly anniversary thereafter for the following 24 months ending on January 21, 2019. These options will become vested and exercisable as follows: (i) 33 1/3% will vest and become exercisable on January 21, 2017; and (ii) 1/36th will vest and become exercisable on each successive monthly anniversary thereafter for the following 24 months ending on January 21, 2019; provided, however, that in addition to the vesting time schedule, the options will be subject to the satisfaction of the following additional vesting conditions: (i) with respect to the first 1/3 of these options, if at any time after January 21, 2016 and prior to the expiration date of these options the weighted average closing price of the common stock on The Nasdaq Capital Market for the preceding 30 trading days (adjusted for any stock splits, stock dividends, reverse stock splits or combinations of the common stock occurring after the issuance date) ("Weighted Average Closing Price") is at or above $30; (ii) with respect to the second 1/3 of these options, if at any time after January 21, 2016 and prior to the expiration date the Weighted Average Closing Price is at or above $37.50; and (iii) with respect to the last 1/3 of these options, if at any time after January 21, 2016 and prior to the expiration date the Weighted Average Closing Price is at or above $45.00. /s/ Glenn E. Fuller, Attorney-in-Fact 2016-06-21