SEC Form 4 · accession 0001553350-16-002107
ECOSPHERE TECHNOLOGIES INC · ESPH
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jacqueline K McGuire
Officer — Senior VP of Admin.
Period of report
May 23, 2016
Accepted (ET)
May 25, 2016 · 6:43 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001071760
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 Options (Right to Buy)F1,F2 | $0.17 | May 23, 2016 | D | 1,867,746 | D | — | Nov 25, 2019 | Common Stock | 1,867,746 | 0 | D |
| Stock Options (Right to Buy)F1,F3 | $0.045 | May 23, 2016 | A | 1,867,746 | A | — | Nov 25, 2019 | Common Stock | 1,867,746 | 1,867,746 | D |
Explanation of responses
- F1In accordance with Rule 16b-3 of the Securities Exchange Act of 1934, the reporting person agreed to cancellation of an option previously granted to her in exchange for a new option having a lower exercise price.
- F2Mrs. McGuire agreed not to exercise these options in order to raise additional capital for the issuer to stay operational.
- F3Mrs. McGuire agreed not to exercise these options pending an increase in authorized capital.