SEC Form 4 · accession 0001437749-16-025302
TALON INTERNATIONAL, INC. · TALN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Larry Dyne
Officer — Chief Executive Officer · Director
Period of report
Feb 10, 2016
Accepted (ET)
Feb 12, 2016 · 4:49 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001047881
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 Options (Right to Buy)F1 | $0.14 | Feb 10, 2016 | A | 1,250,000 | A | — | Feb 10, 2026 | Common Stock | 1,250,000 | 1,250,000 | D |
Explanation of responses
- F1The option shall become exercisable with respect to 25% of the total option shares at the end of one year from the date of the grant, and the remaining shares shall become exercisable in 36 monthly installments equal to 1/48th of the option shares on the last day of each calendar month thereafter until fully exercisable.