SEC Form 4 · accession 0001493152-19-002128
ICTV Brands Inc. · ICTV
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kelvin Claney
Officer — CEO and Director · Director · 10% Owner
Period of report
Feb 12, 2019
Accepted (ET)
Feb 14, 2019 · 5:21 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001076522
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | Feb 12, 2019 | A | 250,000 | — | A | 8,134,269 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock OptionF3 | $0.05 | Feb 12, 2019 | A | 350,000 | A | Feb 12, 2019 | Feb 12, 2029 | Common Stock | 350,000 | 983,333 | D |
Explanation of responses
- F1The reporting person was issued 250,000 shares valued at $0.05 per share, as compensation for a temporary reduction in base salary.
- F2Includes 6,668,660 shares owned by The Better Blocks Trust, of which Mr. Claney is a joint trustee. Mr. Claney disclaims beneficial ownership of the shares and options owned or controlled by The Better Blocks Trust beyond the extent of his pecuniary interest. Mr. Claney also holds 210,000 shares of Series A Preferred Stock.
- F3The reporting person was granted options under the Company's 2011 Incentive Stock Option Plan, to purchase 350,000 shares of common stock, as compensation for a temporary reduction in base salary.