Statement of Changes in Beneficial Ownership (4)

Date : 03/12/2019 @ 8:31PM
Source : Edgar (US Regulatory)
Stock : Arotech Corporation (ARTX)
Quote : 2.99  0.01 (0.34%) @ 11:00PM

Statement of Changes in Beneficial Ownership (4)

FORM 4
[ ] 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
                                                                                  
OMB APPROVAL
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 *

Kellar Kelli L
2. Issuer Name and Ticker or Trading Symbol

AROTECH CORP [ ARTX ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                      _____ 10% Owner
__ X __ Officer (give title below)      _____ Other (specify below)
VP - Finance and CFO
(Last)          (First)          (Middle)

1939 CEDAR HILL DRIVE
3. Date of Earliest Transaction (MM/DD/YYYY)

3/8/2019
(Street)

BLOOMFIELD HILLS, MI 48301
(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   3/11/2019     M (1)    20041   A $0   20041   (2) 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
Restricted Stock Units   (3) $0.0   3/8/2019     M   (4)       20041    3/8/2018   12/31/2028   Common Stock   20041.0   $0   0   D    
Restricted Stock Units   (3) $0.0   3/8/2019     A   (5)    36000       3/8/2018   12/31/2028   Common Stock   36000.0   $0   36000   D    

Explanation of Responses:
(1)  Issuance of shares upon vesting of 31,200 out of 36,000 restricted stock units (20,041 net of taxes), with the remaining 4,800 unearned restricted stock units being cancelled.
(2)  Does not include 36,000 unvested restricted stock units, the vesting of 24,000 of which is subject to future performance criteria.
(3)  Each restricted stock unit represents a contingent right to receive one share of common stock.
(4)  Removal of restrictions and issuance of 20,041 shares of stock on 03/08/2019 due to vesting of 31,200 out of 36,000 restricted stock units (20,041 net of taxes), with the remaining 4,800 unearned restricted stock units being cancelled.
(5)  Award of restricted stock units, vesting 1/3 on continued employment (1/9 vesting at the end of each year over three years) and 2/3 on multi-year performance criteria.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
Kellar Kelli L
1939 CEDAR HILL DRIVE
BLOOMFIELD HILLS, MI 48301


VP - Finance and CFO

Signatures
/s/ Kelli L. Kellar 3/12/2019
** 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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