0001437749-23-028444.txt : 20231017
0001437749-23-028444.hdr.sgml : 20231017
20231017200040
ACCESSION NUMBER: 0001437749-23-028444
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20220322
FILED AS OF DATE: 20231017
DATE AS OF CHANGE: 20231017
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Ganz Bryan
CENTRAL INDEX KEY: 0001318455
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-40385
FILM NUMBER: 231330703
MAIL ADDRESS:
STREET 1: C/O ARRHYTHMIA RESEARCH TECHNOLOGY, INC.
STREET 2: 25 SAWYER PASSWAY
CITY: FITCHBURG
STATE: MA
ZIP: 01420
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: Byrna Technologies Inc.
CENTRAL INDEX KEY: 0001354866
STANDARD INDUSTRIAL CLASSIFICATION: MISCELLANEOUS ELECTRICAL MACHINERY, EQUIPMENT & SUPPLIES [3690]
IRS NUMBER: 711050654
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1130
BUSINESS ADDRESS:
STREET 1: 100 BURTT ROAD
STREET 2: SUITE 115
CITY: ANDOVER
STATE: MA
ZIP: 01810
BUSINESS PHONE: 978-868-5011
MAIL ADDRESS:
STREET 1: 100 BURTT ROAD
STREET 2: SUITE 115
CITY: ANDOVER
STATE: MA
ZIP: 01810
FORMER COMPANY:
FORMER CONFORMED NAME: Security Devices International Inc.
DATE OF NAME CHANGE: 20060301
4
1
rdgdoc.xml
FORM 4
X0508
4
2022-03-22
0001354866
Byrna Technologies Inc.
BYRN
0001318455
Ganz Bryan
100 BURTT ROAD, SUITE 115
ANDOVER
MA
01810
1
1
President and CEO
0
Common Stock
2023-10-13
4
P
0
12000
3.0536
A
615148
D
Common Stock
2023-10-16
4
P
0
5000
3.51
A
620148
D
Common Stock
2022-12-31
4
J
0
1300
0
D
0
I
By the David Ganz Trust FBO Kathryn R. Ganz
Common Stock
2022-12-31
4
J
0
1300
0
D
0
I
By the David Ganz Trust FBO Madelyn Hyland
Common Stock
478059
I
By Northeast Industrial Partners LLC
Common Stock
3800
I
By Li Zhang
Common Stock
70753
I
By the Judith L. Ganz Trust VA 04-23-2015
Restricted Stock Unit
2022-03-23
4
D
0
450000
0
D
2023-08-31
Common Stock
450000
450000
D
Stock Option (right to buy)
9.23
2022-03-23
4
A
0
450000
0
A
2023-03-23
Common Stock
450000
450000
D
The shares were purchased in multiple transactions at prices ranging from $2.98 to $3.10. The reported price of $3.0536 represents the volume weighted average price for the reported transaction. The reporting person undertakes to provide upon request by the SEC staff, the issuer or a security holder of the issuer, full information regarding the number of shares purchased at each separate price.
The reporting person served as trustee of each trust, of which certain members of the reporting person's immediate family were beneficiaries. On December 31, 2022, the trusts distributed all shares of the issuer's common stock to the beneficiaries of the trusts. Prior to distribution, the reporting person disclaimed beneficial ownership of the securities held by the trusts except to the extent of his pecuniary interest therein.
The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose.
Ms. Zhang was married to the reporting person on January 18, 2023. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose.
Each restricted stock unit represents the right to receive one share of common stock.
The original grant of restricted stock units ("Units") consisted of 300,000 Units with a $20 20-day VWAP performance trigger, 300,000 Units with a $30 20-day VWAP performance trigger ("$30 Trigger"), and 300,000 Units with a $40 20-day VWAP performance trigger ("$40 Trigger"). The Reporting Person was required to remain in service to the Company through August 31, 2023 for any Units to vest. The Reporting Person agreed to an amendment of the original Restricted Stock Unit Agreement, approved by the Board, to provide for cancellation of half the Units, consisting of all Units with a $40 Trigger and 150,000 Units with a $30 Trigger, in exchange for a grant of an equal number of options as described herein.
One third of the grant (the "Option Shares") will vest and become exercisable on 3/23/23 (the "Year Anniversary"); the balance of the Option Shares will vest in eight (8) quarterly, consecutive, and equal installments thereafter, beginning on the first calendar day of the fiscal quarter immediately following the Year Anniversary, until all Option Shares are fully vested.
/s/ Lisa Klein Wager by Power of Attorney.
2023-10-17