SEC Form 4 · accession 0001144204-17-060482
PARETEUM Corp · TEUM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Laura W. Thomas
Director
Period of report
Nov 17, 2017
Accepted (ET)
Nov 21, 2017 · 6:33 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,F2,F3 | Nov 17, 2017 | A | 9,333 | $0.00 | A | 9,333 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| OptionF5,F6,F4 | $1.00 | Nov 17, 2017 | A | 100,000 | A | — | Nov 17, 2027 | Common Stock | 100,000 | 0 | D |
Explanation of responses
- F1Represents a restricted stock award (the "Restricted Stock Award") under the Pareteum Corp. 2017 Long-Term Incentive Compensation Plan (the "Plan"), which shall vest on the date of grant.
- F2Restricted Stock Award is compensation for the Reporting Person's service as a director of the Issuer.
- F3Includes shares vested or to be vested within 60 days pursuant to the Restricted Stock Award.
- F4Represents an option award under the Plan (the "Option Award"), of which one-third shall vest on October 1, 2018 and two-thirds shall vest in 24 equal monthly installments over a two year period thereafter.
- F5Option Award is compensation for the Reporting Person's service as a director of the Issuer.
- F6Includes options vested or to be vested within 60 days pursuant to the Option Award.