Martin Kits - Mar 11, 2022 Form 4 Insider Report for KVH INDUSTRIES INC \DE\ (KVHI)

Role
Sr. Advisor
Signature
Martin Kits van Heyningen
Stock symbol
KVHI
Transactions as of
Mar 11, 2022
Transactions value $
-$996,523
Form type
4
Date filed
3/15/2022, 04:25 PM
Previous filing
Jan 24, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction KVHI Common Stock Options Exercise $925K +118K +13.11% $7.85 1.02M Mar 11, 2022 Direct F1
transaction KVHI Common Stock Tax liability -$997K -107K -10.48% $9.35 910K Mar 11, 2022 Direct F2
holding KVHI Common Stock 12.4K Mar 11, 2022 By Spouse

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction KVHI Employee Stock Options-Right to Buy Options Exercise -$925K -118K -44.54% $7.85 147K Mar 11, 2022 Common Stock 118K $7.85 Direct F3, F4
holding KVHI Employee Stock Options-Right to Buy 6.91K Mar 11, 2022 Common Stock 0 By Spouse F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares acquired via an exercise of an expiring stock option issued pursuant to the terms and conditions of the company's 2016 Equity Incentive Plan.
F2 Shares surrendered to the issuer in payment of the exercise price and tax withholding obligations of the reporting person for the exercise of a stock option.
F3 Exercise of an expiring stock option issued pursuant to the terms and conditions of the company's 2016 Equity Incentive Plan.
F4 Vested options "beneficially owned"
F5 N/A