SEC Form 4 · accession 0001213900-16-017957
SG BLOCKS, INC. · SGBX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Stevan Armstrong
Officer — President and COO
Period of report
Jun 30, 2016
Accepted (ET)
Nov 3, 2016 · 6:31 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001023994
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF2 | Jun 30, 2016 | J | 36,476 | $0.00 | A | 36,476 | I | By SMA Development Group, LLC |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (right to buy)F3,F5 | $0.01 | Nov 1, 2016 | A | 131,031 | A | — | Oct 31, 2026 | Common Stock | 131,031 | 131,031 | D |
Explanation of responses
- F1These securities were acquired pursuant to the Issuer's Amended Plan of Reorganization, approved by the U.S. Bankruptcy Court for the Southern District of New York on May 23, 2016 (the "Plan").
- F2Shares are held by SMA Development Group, LLC, an entity controlled by Mr. Armstrong. Mr. Armstrong specifically disclaims beneficial ownership of the shares of common stock held by SMA Development Group, LLC, except to the extent of his pecuniary interest therein, and this filing shall not be deemed to be an admission that Mr. Armstrong is the beneficial owner of such shares of common stock.
- F3The exercise price will be the greater of $0.01 and fair market value, which will be determined within 90 days of the date of the grant.
- F4The options were issued pursuant to the Plan under the Issuer's Stock Option Plan.
- F565,515 of the underlying shares of common stock have vested as of the date of grant and the remaining 65,516 underlying shares will vest, subject to the Reporting Person's continued employment, in two equal installments on each of November 1, 2017 and November 1, 2018.
Remarks
***The Issuer currently intends to apply for quotation or listing under this symbol in the future.