SEC Form 4 · accession 0001437749-17-015797
SALON MEDIA GROUP INC · SLNM.OB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Richard K MacWilliams
Director
Period of report
Sep 6, 2017
Accepted (ET)
Sep 8, 2017 · 3:46 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001084332
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 OptionsF1,F2 | $0.13 | Sep 6, 2017 | A | 1,923,077 | A | — | Sep 6, 2027 | Common Stock | 1,923,077 | 1,923,077 | D |
Explanation of responses
- F1Stock options granted pursuant to Salon Media Group, Inc. 2014 Stock Plan, filed as an exhibit to Salon Media Group, Inc.'s Form 10-K on June 26, 2014.
- F2Mr. MacWilliams was granted an option to purchase up to 1,923,077 shares of Common Stock on September 6, 2017. 25% of the option shares become exercisable one year from the date Mr. MacWilliam's board service began, and then ratably over the following 36 months (1/48 per month).