SEC Form 4 · accession 0001161697-15-000050
USBC, Inc. · USBC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Mark E Scott
Officer — Chief Financial Officer
Period of report
Jan 23, 2015
Accepted (ET)
Jan 27, 2015 · 5:05 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001074828
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Jan 23, 2015 | A | 200,000 | $0.10 | A | 1,568,500 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Option to Purchase Common StockF1 | $0.13 | Jan 23, 2015 | J | 150,000 | D | — | Jun 8, 2022 | Common Stock | 150,000 | 850,000 | D |
| Series A Warrant | $0.15 | holding | — | — | — | Jun 14, 2013 | Jun 14, 2018 | Common Stock | 100,000 | 100,000 | D |
| Series B Warrant | $0.20 | holding | — | — | — | Jun 14, 2013 | Jun 14, 2018 | Common Stock | 100,000 | 100,000 | D |
Explanation of responses
- F1500,000 Option shares fully-vested and 500,000 Option shares vest quarterly over 1 year commencing 06/08/2012.
- F2Option shares cancelled.
- F3Issued in accordance with the 2011 Stock Incentive Plan.