SEC Form 4 · accession 0001161697-15-000052
USBC, Inc. · USBC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Period of report
Jan 23, 2015
Accepted (ET)
Jan 27, 2015 · 5:07 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 | 150,000 | $0.10 | A | 350,000 | 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 StockF3 | $0.10 | Jan 23, 2015 | A | 500,000 | A | — | Jan 23, 2020 | Common Stock | 500,000 | 1,600,000 | D |
| Option to Purchase Common StockF1 | $0.09 | holding | — | — | — | — | Jun 7, 2020 | Common Stock | 300,000 | 300,000 | D |
| Option to Purchase Common StockF2 | $0.10 | holding | — | — | — | — | Aug 26, 2018 | Common Stock | 800,000 | 1,100,000 | D |
Explanation of responses
- F1Option shares vest 25% after 6 months, then 25% in 3 successive 12 month periods commencing 06/08/2010.
- F2Option shares vest quarterly over 3 years commencing 08/27/2013.
- F3Option shares vest in accordance with a performance plan during 2015.
- F4Performance stock option grant issued in accordance with the 2011 Stock Incentive Plan.
- F5Issued in accordance with the 2011 Stock Incentive Plan.