Stanley Arthur Reese - 15 Jul 2022 Form 4 Insider Report for WAVEDANCER, INC. (AIFF)

Reporting relationship: President-Tellenger Subsidiary
Issuer ticker: AIFF
Reported as of: 15 Jul 2022
Net transaction value: -$0.25
SEC form: 4
Accepted by SEC: 19 Jul 2022, 13:04:34 UTC
Prior SEC filing: 22 Mar 2022
Source filing: View source filing
Reporting owner signature: /s/ Matthew T. Sands, Atty-in-fact

Key filing fact

Stanley Arthur Reese filed Form 4 for WAVEDANCER, INC. (AIFF) on 19 Jul 2022.

Key facts

This page summarizes Stanley Arthur Reese's Form 4 filing for WAVEDANCER, INC. (AIFF).
3 reported transactions and 1 derivative row are listed below.
Accepted by SEC: 19 Jul 2022, 13:04.

Change

Previous filing in this sequence was filed on 22 Mar 2022.
Current net transaction value: -$0.25.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

WAVD transaction

Common Stock

Exercise of in-the-money or at-the-money derivative security

Transaction value: $35,000
Shares: +100,000
Change %: +235%
Price: $0.3500
Shares after: 142,565
Date: 15 Jul 2022
Ownership: Direct
Footnotes: F3

WAVD transaction

Common Stock

Disposed to Issuer

Transaction value: $35,000
Shares: -30,435
Change %: -18%
Price: $1.15
Shares after: 142,565
Date: 15 Jul 2022
Ownership: Direct

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

WAVD transaction Derivative

Options (Right-to-Buy)

Exercise of in-the-money or at-the-money derivative security

Transaction value
Shares: -100,000
Change %: -20%
Price
Shares after: 410,000
Date: 15 Jul 2022
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 100,000
Exercise price: $0.3500
Footnotes: F1, F2

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Section 16 status

Stanley Arthur Reese is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.

Explanation of responses 3 footnotes

Footnote F1

Per Instruction 4.(c)(iii), since the transaction is the exercise of a derivative security, coulumn 8 is left blank and the exercise price is reported in column 2.

Footnote F2

Optons for 50,000 shares became exercisable on January 17, 2018, and options for 50,000 shares became exercisable on July 17, 2018.

Footnote F3

Exercise of options for 100,000 shares at an exercise price of $0.35 per share. Proceeds for the exercise paid by tendering 30,435 shares of WAVD common stock to the Company at the July 15, 2022 closing price of $1.15 per share in accordance with the 2016 Stock Incentive Plan under which the options were issued.