SEC Form 4 · accession 0000899243-17-011971
P10 Industries, Inc. · PIOE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Mark A Ascolese
Officer — President and CEO · Director
Period of report
May 4, 2017
Accepted (ET)
May 5, 2017 · 3:53 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001044435
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (Right to Buy)F1 | — | Mar 21, 2017 | H | 790,000 | D | — | — | Common Stock | 150,000 | 0 | D |
| Nonqualified Stock Option (Right to Buy)F2 | — | May 4, 2017 | J | 1,600,000 | A | — | May 3, 2027 | Common Stock | 1,600,000 | 1,600,000 | D |
Explanation of responses
- F1All outstanding options held by reporting person, with various exercise prices, exercisable dates and expiration dates, were terminated pursuant to a Termination Agreement, in exchange for $1.00.
- F2Nonqualified Stock Option granted pursuant to a bankruptcy plan. Exercisable on the sixth trading day after the date of grant. Exercise price is the greater of (i) $0.215 and (ii) the arithmetic mean of the sale process for the Common Stock for the five trading days immediately following the date of grant.