SEC Form 4 · accession 0001562762-18-000084
JONES SODA CO. · JSDA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Max Schroedl
Officer — Chief Financial Officer
Period of report
Mar 6, 2018
Accepted (ET)
Mar 8, 2018 · 7:43 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 | $0.35 | Mar 6, 2018 | A | 50,000 | A | — | Mar 6, 2028 | Stock Option (Right to Buy) | 50,000 | 250,000 | D |
Explanation of responses
- F1(a) 25,000 shares underlying this stock option will vest on January 31, 2019 if certain performance targets are met and (b) 25,000 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.