SEC Form 4 · accession 0001144204-17-001144
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
Nov 22, 2016
Accepted (ET)
Jan 6, 2017 · 5:14 pm 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 | Jan 4, 2017 | A | 150,000 | $0.33 | A | 150,000 | D | |
| Common StockF2 | Jan 4, 2017 | A | 2,000,000 | $0.14 | A | 2,150,000 | D | |
| Common StockF3 | Jan 4, 2017 | A | 223,400 | $0.12 | A | 2,373,400 | D |
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 StockF4 | — | Nov 22, 2016 | S | 6 | D | Sep 30, 2016 | — | Common Stock | — | 0 | D |
Explanation of responses
- F1The shares of Common Stock were issued to the reporting person pursuant to the Issuer's Amended and Restated 2008 Long-Term Incentive Compensation Plan, as amended, in respect of compensation owed pursuant to the reporting person's employment agreement dated Nov. 2015.
- F2The shares of Common Stock were issued to the reporting person pursuant to the Issuer's Amended and Restated 2008 Long-Term Incentive Compensation Plan, as amended, in respect of compensation owed pursuant to the reporting person's employment agreement dated Nov. 2016.
- F3The shares of Common Stock were issued to the reporting person pursuant to the Issuer's Amended and Restated 2008 Long-Term Incentive Compensation Plan, as amended, as reimbursement of unused vacation time for 2015 and 2016.
- F4Series 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.
Remarks
Executive Chairman and Principal Executive Officer