Statement of Changes in Beneficial Ownership (4)

Date : 08/07/2018 @ 9:53PM
Source : Edgar (US Regulatory)
Stock : Arc Grp. Worldwide, Inc. (ARCW)
Quote : 0.25  0.0 (0.00%) @ 1:00AM

Statement of Changes in Beneficial Ownership (4)

FORM 4
[ X ] 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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OMB Number: 3235-0287
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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
                      

1. Name and Address of Reporting Person *

Kelley Drew M.
2. Issuer Name and Ticker or Trading Symbol

ARC Group Worldwide, Inc. [ ARCW ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                      _____ 10% Owner
_____ Officer (give title below)      __ X __ Other (specify below)
Former Officer
(Last)          (First)          (Middle)

C/O ARC GROUP WORLDWIDE, INC., 810 FLIGHTLINE BLVD
3. Date of Earliest Transaction (MM/DD/YYYY)

8/3/2018
(Street)

DELAND, FL 32724
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

_ X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock   8/3/2018   8/7/2018   M    15616   A $1.51   49890   D    

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
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)   $1.51   5/10/2018     E         41800      (1) 5/15/2023   (3) Common Stock   41800   $0   164485   D    
Stock Option (Right to Buy)   $4.40   5/10/2018     E         74575      (2) 2/10/2027   (3) Common Stock   74575   $0   89910   D    
Stock Option (Right to Buy)   $1.51   8/3/2018     X         22700    5/10/2018   1/15/2023   Common Stock   22700   $0   67210   (4) D    

Explanation of Responses:
(1)  Upon departure from the Company on May 10, 2018, 41,800 unvested shares were forfeited of a grant of 104,500 shares granted on January 15, 2016, which vested 20% upon grant and 20% on each anniversary thereof. All unvested shares were forfeited upon departure.
(2)  Upon departure from the Company on May 10, 2018, 74,575 shares granted on February 10, 2017, vesting on the date in which the closing price of the Company's common stock on five or more consecutive trading days is equal to or greater than two times the exercise price, as long as such date is on or prior to December 31, 2018. As the price vesting was not met upon departure, the shares were forfeited.
(3)  Expiration date was per original grant. Upon departure, expiration date for all unvested shares was accelerated to date of departure.
(4)  As of the date of this report and after giving effect to all transactions disclosed herein, the reporting person holds options exercisable for the purchase of 67,210 shares of the issuer's common stock at various exercise prices. All such remaining options if not exercised prior to August 10, 2018 will terminate.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
Kelley Drew M.
C/O ARC GROUP WORLDWIDE, INC.
810 FLIGHTLINE BLVD
DELAND, FL 32724



Former Officer

Signatures
/s/ Drew M. Kelley 8/7/2018
** Signature of Reporting Person Date


Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.

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