SEC Form 4 · accession 0001415889-15-003907
SPENDSMART NETWORKS, INC. · SSPC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jerold H Rubinstein
Director
Period of report
Nov 25, 2015
Accepted (ET)
Nov 27, 2015 · 1:45 pm EST
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (Option to Buy)F2,F1 | $0.17 | Sep 30, 2015 | A | 1,358,696 | A | Sep 30, 2015 | Sep 30, 2020 | Common Stock | 1,358,696 | 1,358,696 | D |
Explanation of responses
- F1The exercise price of the options reported on October 1, 2015 was amended to $0.17 based upon the fair market value/VWAP.
- F2On September 30, 2015, the Reporting Person acquired an option to purchase 1,358,696 shares of the Company's common stock in conjunction with becoming Chairman of the Company's Board of Directors. The options are fully vested.