SEC Form 4 · accession 0001415889-16-005252
SPENDSMART NETWORKS, INC. · SSPC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John H Eyler Jr.
Director
Period of report
Mar 21, 2016
Accepted (ET)
Mar 23, 2016 · 8:39 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (option to buy)F1,F2 | $0.12 | Mar 21, 2016 | A | 464,331 | A | — | Mar 21, 2020 | Common Stock | 464,331 | 464,331 | D |
Explanation of responses
- F1The exercise price of the options equals the closing price of the Company's common stock as of March 21, 2016.
- F2On March 21, 2016, the Reporting Person acquired an option to purchase 464,331 shares of the Company's common stock. Fifty percent of the options to purchase vest immediately and the remaining fifty percent vest on the one-year anniversary or upon a change in control of the Issuer.