SEC Form 4 · accession 0001493152-19-000802
NextPlat Corp · NXPL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
James Phipps
Other
Period of report
Jan 18, 2019
Accepted (ET)
Jan 22, 2019 · 1:17 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001058307
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock, par value $0.0001F1 | Jan 18, 2019 | M | 137,500 | $0.15 | A | 142,300 | D | |
| Common Stock, par value $0.0001 | Jan 18, 2019 | F | 58,929 | $0.35 | D | 83,371 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Non-Qualified Stock Option (right to buy)F3 | $0.15 | Jan 18, 2019 | M | 137,500 | D | — | Dec 17, 2023 | Common Stock, par value $0.0001 | 137,500 | 85,417 | D |
Explanation of responses
- F1Represents common stock held of 4,800 and exercise of 137,500 options to common shares.
- F2Represents a "net exercise" of outstanding stock options. The reporting person received 78,571 shares of common stock on net exercise of option to purchase 137,500 shares of common stock. The Company withheld 58,929 shares of common stock underlying the option for payment of the exercise price, using the closing stock price on January 17, 2019 of $0.35, pursuant to the terms of the 2018 Incentive Plan.
- F3The subject options are fully vested as of grant date.