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