SEC Form 4 · accession 0001582490-16-000001
RenovaCare, Inc. · RCAR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kenneth Kirkland
Director
Period of report
Mar 16, 2016
Accepted (ET)
Mar 17, 2016 · 10:58 am EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001016708
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock OptionF1,F2 | $1.91 | Mar 16, 2016 | A | 50,000 | A | Mar 16, 2016 | Mar 15, 2026 | Common stock, par value $0.00001 | 50,000 | 90,000 | D |
Explanation of responses
- F1On March 16, 2016, RenovaCare, Inc. (the "Company") issued Dr. Kirkland a stock option to purchase up to 50,000 shares of the Company's common stock at an exercise price of $1.91 per share, all of which vested on the date of grant.
- F2The closing price of the Company's common stock as quoted on the OTC Markets Group Inc. QB tier on March 15, 2016. The options may be exercised on a "cashless basis" using the formula contained in the nonstatutory stock option agreement entered into between Dr. Kirkland and the Company.