SEC Form 4 · accession 0001144204-15-019098
PARETEUM Corp · TEUM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Martin Zuurbier
Officer — Chief Technical Officer
Period of report
Jan 23, 2015
Accepted (ET)
Mar 27, 2015 · 9:58 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001084384
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Option (right to buy)F1 | $0.81 | Jan 23, 2015 | A | 2,400,000 | A | Jan 23, 2015 | Dec 31, 2020 | CommonStock | 2,400,000 | 2,400,000 | I |
Explanation of responses
- F1The options were issued to the Reporting Person under the Issuer's Amended and Restated 2008 Long-Term Incentive Compensation Plan to incentivize key management. The grant of these options were approved by the Compensation Committee on January 23, 2015. 800,000 of the options vested on January 23, 2015 and an additional 400,000 of the options shall vest on January 1, 2016, March 31, 2016, January 1, 2017 and March 31, 2017, respectively. All the March 31 vesting's are subject to the accomplishment of certain performances. The options are held through Interact W.L.L., which is 100% owned by the Reporting Person.