SEC Form 4 · accession 0001415889-18-000631
Track Group, Inc. · TRCK
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Karen M Ferguson
Director
Period of report
Nov 30, 2017
Accepted (ET)
Apr 17, 2018 · 4:24 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001045942
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| OptionsF1 | $5.00 | Nov 30, 2017 | D | 9,000 | D | Jul 1, 2016 | Jun 30, 2023 | Common Stock | 9,000 | 0 | D |
| OptionsF1 | $1.24 | Nov 30, 2017 | A | 9,000 | A | Jul 1, 2016 | Jun 30, 2023 | Common Stock | 9,000 | 9,000 | D |
| OptionsF2 | $7.20 | Jan 26, 2018 | D | 3,529 | D | Sep 30, 2016 | Sep 29, 2021 | Common Stock | 3,529 | 0 | D |
| OptionsF2 | $1.15 | Jan 26, 2018 | A | 3,529 | A | Sep 30, 2016 | Sep 29, 2021 | Common Stock | 3,529 | 3,529 | D |
| OptionsF2 | $7.20 | Jan 26, 2018 | D | 5,882 | D | Oct 1, 2016 | Sep 30, 2021 | Common Stock | 5,882 | 0 | D |
| OptionsF2 | $1.15 | Jan 26, 2018 | A | 5,882 | A | Oct 1, 2016 | Sep 30, 2021 | Common Stock | 5,882 | 5,882 | D |
| OptionsF2 | $4.50 | Jan 26, 2018 | D | 9,191 | D | Jan 1, 2017 | Dec 31, 2021 | Common Stock | 9,191 | 0 | D |
| OptionsF2 | $1.15 | Jan 26, 2018 | A | 9,191 | A | Jan 1, 2017 | Dec 31, 2021 | Common Stock | 9,191 | 9,191 | D |
| OptionsF2 | $3.36 | Jan 26, 2018 | D | 12,195 | D | Apr 1, 2017 | Mar 31, 2022 | Common Stock | 12,195 | — | D |
| OptionsF2 | $1.15 | Jan 26, 2018 | A | 12,195 | A | Apr 1, 2017 | Mar 31, 2022 | Common Stock | 12,195 | 12,195 | D |
Explanation of responses
- F1The reported transactions involved the modification of certain outstanding options, resulting in the deemed cancellation of the "old" options and the grant of replacement options with a reduced exercise price of $1.24 per share, which modifications were approved in advance by the Issuer's Board of Directors on November 30, 2017. The cancellation and subsequent grant were both exempt from Section 16(b) pursuant to Rule 16b-3(e) and Rule 16b-3(d), respectively.
- F2The reported transactions involved the modification of certain outstanding options, resulting in the deemed cancellation of the "old" options and the grant of replacement options with a reduced exercise price of $1.15 per share, which modifications were approved in advance by the Issuer's Board of Directors on January 26, 2018. The cancellation and subsequent grant were both exempt from Section 16(b) pursuant to Rule 16b-3(e) and Rule 16b-3(d), respectively.