SEC Form 4 · accession 0001144204-16-134877
PARETEUM Corp · TEUM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Gary G Brandt
Officer — Chief Restructuring Officer
Period of report
Dec 15, 2015
Accepted (ET)
Nov 16, 2016 · 11:14 am EST
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 17, 2016 | A | 1,000,000 | — | A | 1,000,000 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Options to purchase Common stockF2 | $0.235 | Dec 16, 2015 | A | 1,500,000 | A | Dec 16, 2016 | Dec 16, 2019 | Common Stock | 1,500,000 | 1,500,000 | D |
Explanation of responses
- F1The shares of Common Stock were issued to the reporting person in respect of an extraordinary issuance due to the Issuer's restructure.
- F2The reporting person received these options in connection with his appointment as Chief Restructuring Officer of the Issuer. The options vest in three equal installments. The first installment vests on December 16, 2016 (the "Effective Date"). The remaining installments vest on an annual basis on the anniversary of the Effective Date.