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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES 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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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
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. | SEC 1474 (9-02) |
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 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) |
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Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Option to Purchase Common Stock (right to buy) | $ 6.84 (6) | 06/05/2018 | 06/05/2023 | Common Stock, par value $0.001 | 10,526 (6) | 10,526 | D | ||||||||
Option to Purchase Common Stock (right to buy) | $ 3.42 (6) | 08/14/2018 | 08/14/2023 | Common Stock, par value $0.001 | 10,526 (6) | 10,526 | D | ||||||||
Option to Purchase Common Stock (right to buy) | $ 5.89 (6) | 09/13/2018 | 09/13/2023 | Common Stock, par value $0.001 | 13,158 (6) | 13,158 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Price John C 590 MADISON AVE. NEW YORK, NY 10022 |
CFO |
/s/ John C. Price | 02/15/2019 | |
**Signature of Reporting Person | Date |
* | 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). |
(1) | These Restricted stock Units ("RSUs") vest in quarterly installments over three years, commencing August 15, 2019. |
(2) | These RSUs vest only if the Issuer obtains $10M in new recurring revenue on or before 08/15/20. |
(3) | These RSUs vest if and when the Issuer's stock price attains a volume weighted average price ("VWAP") of $20 per share for 15 consecutive trading days. |
(4) | These RSUs vest if and when the Issuer's stock price attains a VWAP of $40 per share for 15 consecutive trading days. |
(5) | The Issuer granted these RSUs to the reporting person in consideration for services to be rendered to the Issuer. |
(6) | Adjusted for 1/19 reverse stock split |