SEC Form 4 · accession 0001140361-18-026592
WIDEPOINT CORP · WYY
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jin Kang
Officer — CEO · Director
Period of report
May 31, 2018
Accepted (ET)
May 31, 2018 · 5:30 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001034760
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | May 31, 2018 | P | 25,000 | $0.5464 | A | 3,105,344 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Option to BuyF2 | $0.65 | holding | — | — | — | Sep 27, 2021 | Sep 27, 2022 | Common Stock | 750,000 | 750,000 | D |
| Option to BuyF3 | $1.38 | holding | — | — | — | Dec 31, 2015 | May 8, 2020 | Common Stock | 25,000 | 25,000 | D |
| Option to BuyF4 | $0.57 | holding | — | — | — | — | Mar 21, 2020 | Common Stock | 170,000 | 170,000 | D |
Explanation of responses
- F1The price reported in Column 4 is a weighted average price. The shares were acquired in multiple transactions at prices ranging from $0.5349 to $0.548, inclusive. The Reporting Person undertakes to provide WidePoint Corporation (the "Company, any security holder of the Company, or the staff of the Securities & Exchange Commission, upon request, full information regarding the number of shares accquired at each separate price within the range set forth herein.
- F2Grant of stock options under the Company's Stock Incentive Plan. The stock options vest 100% on September 27, 2021, subject to continued employment, and vesting may be accelerated upon the satisfaction of certain performance criteria.
- F3Options became fully vested on December 31, 2016.
- F4One-third (1/3) of the options vested on each of the 12-month, 24-month and 36-month anniversaries of March 21, 2013, such that all options became fully vested on March 21, 2016.