SEC Form 4 · accession 0001214659-15-006951
EVOLVING SYSTEMS INC · EVOL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Thomas Thekkethala
Officer — President · Director
Period of report
Sep 30, 2015
Accepted (ET)
Oct 2, 2015 · 4:17 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001052054
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | Sep 30, 2015 | A | 15,000 | $0.001 | A | 15,000 | D |
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)F4,F3 | $6.00 | Sep 30, 2015 | A | 100,000 | A | Sep 30, 2016 | Sep 29, 2025 | Common Stock | 100,000 | 100,000 | D |
Explanation of responses
- F1This is a grant of restricted stock vesting over a four-year period, with one-quarter vesting on the one-year anniversary of the grant, and the balance vesting quarterly over the remaining three years.
- F2Nominal consideration of par value ($.001) per share was paid for the restricted stock.
- F3This is a grant of options vesting over a four-year period, with one-quarter vesting on the one-year anniversary of the grant and the balance vesting quarterly over the remaining three-year period.
- F4The options were granted without payment of consideration.