SEC Form 4 · accession 0001214659-16-012273
EVOLVING SYSTEMS INC · EVOL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Julian D. Singer
Director
Period of report
Jun 17, 2016
Accepted (ET)
Jun 21, 2016 · 5:32 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,F3 | Jun 17, 2016 | X | 7,500 | $5.00 | A | 122,204 | I | by JDS1 LLC |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Put Options (obligation to buy)F3 | $5.00 | Jun 17, 2016 | X | 75 | D | Dec 7, 2015 | Jun 17, 2016 | Common Stock | 7,500 | 0 | I |
Explanation of responses
- F1The reporting person is a beneficiary of Singer Children's Management Trust and disclaims beneficial ownership over any securities held by Singer Children's Management Trust except to the extent of his reportable pecuniary interest therein. Singer Children's Management Trust owns 2,645,638 shares of Common Stock of the Issuer. Pursuant to Rule 16a-8(b), the reporting person is not deemed to have a reportable pecuniary interest in shares held by Singer Children's Management Trust.
- F2The Reporting Person is the managing member of JDS1 LLC and controls all investment decisions of the entity.
- F3Represents acquisition of shares upon exercise of put option by counterparty.