0001140361-17-027740.txt : 20170713 0001140361-17-027740.hdr.sgml : 20170713 20170713115116 ACCESSION NUMBER: 0001140361-17-027740 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20170711 FILED AS OF DATE: 20170713 DATE AS OF CHANGE: 20170713 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: CLEARONE INC CENTRAL INDEX KEY: 0000840715 STANDARD INDUSTRIAL CLASSIFICATION: TELEPHONE & TELEGRAPH APPARATUS [3661] IRS NUMBER: 870398877 STATE OF INCORPORATION: UT FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 5225 WILEY POST WAY STREET 2: SUITE 500 CITY: SALT LAKE CITY STATE: UT ZIP: 84116 BUSINESS PHONE: 8019757200 MAIL ADDRESS: STREET 1: 5225 WILEY POST WAY STREET 2: SUITE 500 CITY: SALT LAKE CITY STATE: UT ZIP: 84116 FORMER COMPANY: FORMER CONFORMED NAME: CLEARONE COMMUNICATIONS INC DATE OF NAME CHANGE: 20020204 FORMER COMPANY: FORMER CONFORMED NAME: GENTNER COMMUNICATIONS CORP DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: GENTNER ELECTRONICS CORP DATE OF NAME CHANGE: 19910808 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: HAKIMOGLU ZEYNEP CENTRAL INDEX KEY: 0001271904 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-33660 FILM NUMBER: 17963005 MAIL ADDRESS: STREET 1: 5225 WILEY POST WAY, SUITE 500 CITY: SALT LAKE CITY STATE: UT ZIP: 84116 4 1 doc1.xml FORM 4 X0306 4 2017-07-11 0 0000840715 CLEARONE INC CLRO 0001271904 HAKIMOGLU ZEYNEP 5225 WILEY POST WAY, SUITE 500 SALT LAKE CITY UT 84116 1 1 0 0 PRESIDENT & CEO Common Stock 2017-07-11 4 F 0 31866 A 194918 D Common Stock 2017-07-11 4 M 0 50000 A 244918 D Common Stock 2017-07-11 4 F 0 8515 A 236403 D Stock Option (Right to Buy) 6.15 2017-07-11 4 M 0 50000 6.15 D 2008-08-14 2017-08-14 Common Stock 50000 0 D On July 11, 2017, the reporting person exercised options to purchase 50,000 shares of common stock at an exercise price of $6.15 per share (the "Options"). As payment of the exercise price of the Options, the reporting person forfeited to the issuer 31,866 shares of common stock beneficially owned by the reporting person prior to the exercise of the Options with a market value equal to the exercise price for the Options based on the closing price of the issuer's common stock as reported on the Nasdaq Capital Market on the date of exercise. In connection with the exercise of the Options, the issuer withheld 8,515 shares in satisfaction of U.S. federal income tax withholding obligations with respect to the exercise of the Options. /s/ Zeynep Hakimoglu 2017-07-13