Sec Form 4 Filing - Young Jason Taney @ ARC Group Worldwide, Inc. - 2017-09-28

Insider filing report for Changes in Beneficial Ownership
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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
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
Young Jason Taney
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 Director & CEO
(Last) (First) (Middle)
C/O ARC GROUP WORLDWIDE, INC., 810 FLIGHTLINE BLVD
3. Date of Earliest Transaction (MM/DD/YY)
09/28/2017
(Street)
DELAND, FL32724
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 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 09/28/2017 09/28/2017 M 62,700 A $ 1.51 490,006 D
Common Stock 09/28/2017 09/28/2017 S 40,289 D $ 2.35 449,717 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 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
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(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 09/28/2017 M 62,700 ( 1 ) 09/28/2017 Common Stock 62,700 $ 0 0 D
Stock Option (Right to buy) $ 2.5 09/28/2017 J 59,175 08/26/2016 09/28/2017 Common Stock 59,175 $ 0 0 D
Stock Option (Right to Buy) $ 2.5 09/28/2017 J 59,175 09/28/2017 06/30/2022 Common Stock 59,175 $ 0 59,175 ( 2 ) D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Young Jason Taney
C/O ARC GROUP WORLDWIDE, INC.
810 FLIGHTLINE BLVD
DELAND, FL32724
Former Director & CEO
Signatures
Jason Taney Young 09/29/2017
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Options granted on January 15, 2016. An aggregate of 62,700 options vested in 20% increments on each of January 15, 2016 and January 15, 2017.
( 2 )Effective September 28, 2017, options exercisable for an aggregate of 59,175 shares of common stock, at an exercise price of $2.50 per share, expiring September 28, 2017 (the "Prior Options"), were exchanged for options exercisable for an aggregate of 59,175 shares of common stock, at an exercise price of $2.50 per share, expiring June 30, 2022 (the "Exchange Options"). The Exchange Options were issued in respect of all Prior Options that had fully vested on or prior to June 30, 2017. The Exchange Options were issued in accordance with the terms and conditions of that certain separation agreement entered into between the reporting person and the issuer, effective June 30, 2017.

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* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
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