SEC Form 4 · accession 0001144204-16-136007
PARETEUM Corp · TEUM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Robert Harold Turner
Officer — See Remarks
Period of report
Sep 30, 2016
Accepted (ET)
Nov 22, 2016 · 6:03 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Series A Convertible Preferred StockF1 | — | Sep 30, 2016 | P | 6 | A | Sep 30, 2016 | — | Common Stock | — | 6 | D |
| Options to Purchase Common StockF2 | $0.14 | Nov 18, 2016 | A | 7,500,000 | A | Nov 18, 2016 | Nov 18, 2023 | Common Stock | 7,500,000 | 7,500,000 | D |
Explanation of responses
- F1The Series A Convertible Preferred Stock (the "Series A Preferred Stock") is convertible into shares of common stock, at the holder's election, at all times since issuance and has no expiration date (though the issuer may force the reporting person to convert the Series A Preferred Stock into shares of common stock at any time after September 2, 2017). Each share of Series A Preferred Stock is convertible into 0.04% of the Company's issued and outstanding shares of common stock immediately prior to conversion.
- F2The Options were issued pursuant to the Company's Amended and Restated 2008 Long-Term Incentive Compensation Plan and shall vest and become exercisable over a period of three (3) years, with 1,875,000 shares vesting immediately, and the remaining 5,625,000 shares vesting in 3 installments of 1,875,000 each, annually, on the first, second and third anniversary of the option grant.
Remarks
Executive Chairman and Principal Executive Officer