FORM 4 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP 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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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). |
1. Name and Address of Reporting Person*
(Street)
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2. Issuer Name and Ticker or Trading Symbol
ACCURAY INC [ ARAY ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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3. Date of Earliest Transaction
(Month/Day/Year) 10/07/2010 | ||||||||||||||||||||||||||
4. If Amendment, Date of Original Filed
(Month/Day/Year) |
6. Individual or Joint/Group Filing (Check Applicable Line)
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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) | 2. Transaction Date (Month/Day/Year) | 2A. Deemed Execution Date, if any (Month/Day/Year) | 3. Transaction 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 | 10/07/2010 | M | 12,500 | A | $0.75 | 135,800 | D | |||
Common Stock | 10/07/2010 | S(1) | 12,500 | D | $6.061(2) | 123,300 | D | |||
Common Stock | 10/08/2010 | M | 12,500 | A | $0.75 | 135,800 | D | |||
Common Stock | 10/08/2010 | S(1) | 12,500 | D | $6.0317(3) | 123,300 | D | |||
Common Stock | 10/08/2010 | M | 10,000 | A | $0.75 | 133,300 | D |
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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1. Title of Derivative Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction 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 (Month/Day/Year) | 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: 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 | ||||||||
Incentive Stock Option (right to buy) | $0.75 | 10/07/2010 | M | 12,500 | (4) | 03/28/2012 | Common Stock | 12,500 | $0 | 155,832 | D | ||||
Incentive Stock Option (right to buy) | $0.75 | 10/08/2010 | M | 12,500 | (4) | 03/28/2012 | Common Stock | 12,500 | $0 | 143,332 | D | ||||
Incentive Stock Option (right to buy) | $0.75 | 10/08/2010 | M | 10,000 | (4) | 03/28/2012 | Common Stock | 10,000 | $0 | 133,332 | D |
Explanation of Responses: |
1. A portion of these options are being sold so that a portion of the proceeds may be used to increase the CEO's ownership of Accuray stock in accordance with the adoption of stock ownership guidelines for management by the Board of Directors of Accuray Incorporated in fiscal year 2011. |
2. A total of 12,500 shares were sold pursuant to a 10b5-1 Plan, at an average sale price of $6.0610 per share. The actual sale price for the shares was: 1,300 shares at $6.01; 300 shares at $6.02; 100 shares at $6.03; 894 shares at $6.04; 3,399 shares at $6.05; 200 shares at $6.0501; 100 shares at $6.0502; 200 shares at $6.0503; 200 shares at $6.0512; 457 shares at $6.06; 740 shares at $6.07; 805 shares at $6.08; 2,600 shares at $6.09; 200 shares at $6.0901; 100 shares at $6.0904; 405 shares at $6.10; and 100 shares at $6.1002; 300 shares at $6.11; 100 shares at $6.1104. |
3. A total of 12,500 shares were sold pursuant to a 10b5-1 Plan, at an average sale price of $6.0317 per share. The actual sale price for the shares was: 2,900 shares at $6.00; 100 shares at $6.0001; 100 shares at $6.0075; 2,582 shares at $6.0100; 278 shares at $6.0101; 100 shares at $6.0104; 100 shares at $6.0175; 818 shares at $6.02; 100 shares at $6.0201; 100 shares at $6.0212; 222 shares at $6.03; 300 shares at $6.04; 1,100 shares at $6.05; 600 shares at $6.06; 100 shares at $6.0604; 600 shares at $6.07; 300 shares at $6.08; 306 shares at $6.09; 590 shares at $6.10; 200 shares at $6.11; 704 shares at $6.12; 100 shares at $6.1204; 200 shares at $6.1205. |
4. The options are exercisable as they vest. A total of 25% of the entire number of shares subject to this stock option becomes vested and fully exercisable on the first anniversary of the vesting commencement date and the remaining shares subject to this stock option vest and become exercisable in equal monthly installments, ratably over the following 36 months. |
By: Michael Olivas For: Euan S. Thomson | 10/11/2010 | |
** 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 Number. |