SEC Form 4 · accession 0001012975-15-000678
SPENDSMART NETWORKS, INC. · SSPC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Isaac Blech
Director · 10% Owner
Period of report
Nov 25, 2014
Accepted (ET)
Sep 21, 2015 · 3:53 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001062273
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Warrant (right to buy)F1,F2 | $7.20 | Nov 25, 2014 | D | 23,333 | D | — | Jul 19, 2016 | Common Stock | 23,333 | 0 | D |
| Warrant (right to buy)F1,F2 | $6.30 | Nov 25, 2014 | D | 66,667 | D | — | Aug 4, 2016 | Common Stock | 66,667 | 0 | D |
| Warrant (right to buy)F1,F2 | $7.67 | Nov 25, 2014 | D | 166,667 | D | — | Nov 1, 2016 | Common Stock | 166,667 | 0 | D |
| Warrant (right to buy)F1,F2 | $6.45 | Nov 25, 2014 | D | 333,333 | D | — | Jul 23, 2017 | Common Stock | 333,333 | 0 | D |
| Stock Option (right to buy)F1,F3 | $1.15 | Nov 25, 2014 | A | 550,000 | A | — | Nov 25, 2019 | Common Stock | 550,000 | 550,000 | D |
| Stock Option (right to buy)F4 | $0.92 | Mar 5, 2015 | A | 45,000 | A | — | Mar 5, 2020 | Common Stock | 45,000 | 45,000 | D |
Explanation of responses
- F1On November 25, 2014, four warrants were cancelled by unanimous written consent of the Board of Directors of Issuer and a replacement stock option was issued.
- F2The warrant was fully exercisable at the time of cancellation.
- F3The option may only be exercised if the common stock of the Issuer trades above $1.75 per share for five consecutive business days or upon a change of control
- F4The option is fully exercisable.
Remarks
Exhibit 24 - Power of Attorney