Statement of Changes in Beneficial Ownership (4)
August 12 2020 - 8:10AM
Edgar (US Regulatory)
FORM 4
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
*
PETELLE JAMES F |
2. Issuer Name and Ticker or Trading Symbol
INSTEEL INDUSTRIES INC
[
IIIN
]
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) Vice President |
(Last)
(First)
(Middle)
1373 BOGGS DRIVE |
3. Date of Earliest Transaction
(MM/DD/YYYY)
8/11/2020 |
(Street)
MOUNT AIRY, NC 27030
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
_X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security (Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code (Instr. 8)
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4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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Common Stock | 8/11/2020 | | S | | 1270 | D | $20.05 | 15383 | D | |
Common Stock (Restricted Stock Units) | 8/11/2020 | | A | | 1888 | A | $0 | 9539 | D | |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Trans. Date | 3A. Deemed Execution Date, if any | 4. Trans. Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) |
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
Stock Option (Right to Buy) | $19.86 | 8/11/2020 | | A | | 4237 | | (1) | 8/11/2030 | Common Stock | 4237 | $0 | 4237 | D | |
Stock Option (Right to Buy) | $22.09 | | | | | | | (1) | 2/11/2030 | Common Stock | 5074 | | 5074 | D | |
Stock Option (Right to Buy) | $18.25 | | | | | | | (1) | 8/12/2029 | Common Stock | 5778 | | 5778 | D | |
Stock Option (Right to Buy) | $21.57 | | | | | | | (1) | 2/12/2029 | Common Stock | 4711 | | 4711 | D | |
Stock Option (Right to Buy) | $26.75 | | | | | | | (1) | 8/7/2027 | Common Stock | 1342 | | 2682 | D | |
Stock Option (Right to Buy) | $41.85 | | | | | | | (1) | 8/13/2028 | Common Stock | 2633 | | 2633 | D | |
Common Stock (Right to Buy) | $23.95 | | | | | | | (1) | 2/11/2026 | Common Stock | 2877 | | 1438 | D | |
Incentive Stock Option (Right to Buy) | $17.22 | | | | | | | (1) | 8/12/2023 | Common Stock | 2744 | | 1000 | D | |
Stock Option (Right to Buy) | $29.69 | | | | | | | (1) | 2/13/2028 | Common Stock | 3585 | | 3585 | D | |
Stock Option (Right to Buy) | $37.06 | | | | | | | (1) | 2/7/2027 | Common Stock | 2745 | | 2745 | D | |
Stock Option (Right to Buy) | $34.49 | | | | | | | (1) | 8/11/2026 | Common Stock | 3241 | | 3241 | D | |
Explanation of Responses: |
(1) | Options vest 1/3 annually beginning one year from grant date |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
PETELLE JAMES F 1373 BOGGS DRIVE MOUNT AIRY, NC 27030 |
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| Vice President |
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Signatures
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James F. Petelle | | 8/12/2020 |
**Signature of Reporting Person | Date |
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