SEC Form 4 · accession 0001083522-16-000110
JONES SODA CO. · JSDA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Eric Chastain
Officer — Chief Operating Officer
Period of report
Dec 8, 2016
Accepted (ET)
Dec 12, 2016 · 5:59 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001083522
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 Option (Right to Buy)F1 | $0.49 | Dec 8, 2016 | A | 100,000 | A | — | Dec 8, 2026 | Stock Option (Right to Buy) | 100,000 | 401,750 | D |
Explanation of responses
- F1(a) 50,000 shares underlying this stock option will vest on March 31, 2018 if certain performance targets are met and (b) 50,000 shares underlying this stock option will vest on a schedule whereby 25% of such shares vest on the one year anniversary of the date of grant and an additional 1/48th of such shares will vest each month thereafter, subject to optionee being a service provider on each such date.