Regulatory Filings • Jun 7, 2016
Regulatory Filings
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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).
COMMISSION Washington, D.C. 20549
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL Estimated average
| Table I – Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
6. Ownership Form: Direct (D) or Indirect |
7. Nature of Indirect Beneficial Ownership (Instr. 4) |
||||
| Code | V | Amount | (A) or (D) |
Price | Reported Transaction (s) (Instr. 3 and 4) |
(I) (Instr. 4) |
|||||
| Common Stock | 05/30/2016 | S(2) | 12,346 | D | \$1.5215 (1) |
570,208 | I | By Shorrer International Ltd |
|||
| 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 3A. Deemed 4. 5. Date Execution Date, if Transaction Number (Month/Day/Year) any Code (Instr. of (Month/Day/Year) 8) 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 |
Explanation of Responses:
The sale was effected on the Tel Aviv Stock Exchange in New Israeli Shekels (NIS) for a per share sales price of NIS 5.85, which per share purchase price has been reported on this Form 4 in U.S. dollars based on an exchange rate of NIS 3.845 per U.S. dollar.
The reporting person's sale of 12,346 shares of PSTI common stock reported herein is matchable under Section 16(b) of the Securities Exchange Act of 1934, as amended, with the reporting person's purchase of 12,346 shares of PSTI common stock reported on February 17, 2016. The reporting person has paid PSTI, \$8,816.28 representing the full amount of the profit realized in connection with these short-swing transactions. Remarks:
/s/ Doron Shorrer 06/06/2016
** 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.
OMB Number: 3235-0287 burden hours per response 0.5
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