SEC Form 4 · accession 0001161697-15-000054
USBC, Inc. · USBC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Todd Martin Sames
Officer — V.P. of Business Development
Period of report
Jan 23, 2015
Accepted (ET)
Jan 27, 2015 · 5:11 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 | 250,000 | 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 | 1,000,000 | A | — | Jan 23, 2020 | Common Stock | 1,000,000 | 2,300,000 | D |
| Option to Purchase Common StockF1 | $0.13 | holding | — | — | — | — | Sep 5, 2018 | Common Stock | 1,000,000 | 1,000,000 | D |
| Option to Purchase Common StockF2 | $0.10 | holding | — | — | — | — | Apr 1, 2019 | Common Stock | 300,000 | 1,300,000 | D |
Explanation of responses
- F1Option shares vest quarterly over 3 years commencing 09/05/2012.
- F2Option shares vest quarterly over 3 years commencing 04/02/2014.
- 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.