SEC Form 4 · accession 0001144204-15-067747
PARETEUM Corp · TEUM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Steven Paul Karel Marie Van Der Velden
Officer — Former CEO and President · Director · 10% Owner
Period of report
Nov 16, 2015
Accepted (ET)
Nov 24, 2015 · 1:59 pm EST
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (right to buy)F2,F1 | $0.94 | Nov 16, 2015 | D | 1,200,000 | D | — | Dec 4, 2018 | Common Stock | 1,200,000 | 0 | I |
| Employee Stock Option (right to buy)F2,F1 | $0.94 | Nov 16, 2015 | A | 1,200,000 | A | — | Dec 4, 2018 | Common Stock | 1,200,000 | 1,200,000 | I |
Explanation of responses
- F1The two reported transactions involved an amendment of outstanding options resulting in the deemed cancellation of the "old" options and the grant of replacement options. The options were originally granted to the Reporting Person on December 4, 2013 and were to expire ninety (90) days after the departure of the Reporting Person from the registrant. Under the severance agreement dated November 16, 2015, between the registrant and the Reporting Person, the registrant waived the early termination of the option exercise date in the event of Reporting Person's departure from the registrant.
- F2The options were issued to Interfield Consultancy (CI) Ltd., an entity wholly owned by the Reporting Person.