SEC Form 4 · accession 0001144204-15-058712
PARETEUM Corp · TEUM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Steven Paul Karel Marie Van Der Velden
Officer — CEO and President · Director
Period of report
Oct 6, 2015
Accepted (ET)
Oct 8, 2015 · 5:23 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001084384
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Oct 6, 2015 | A | 337,850 | — | A | 642,007 | I | See Footnote |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The shares of Common Stock were issued to Interfield Consultancy (CI) Ltd., an entity wholly owned by the reporting person pursuant to the Issuer's Amended and Restated 2008 Long-Term Incentive Compensation Plan, as amended, in respect of Q3 2015 service as a non-employee director. The grant for 3 2015 service represented a value of US $91,872.00 The number of shares issued for each month during the quarter was determined based on the average closing price of the Common Stock for the 10 trading days prior to the close of each month of the quarter, discounted by 25%.