SEC Form 4 · accession 0001493152-19-001844
VirTra, Inc · VTSI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Matthew D Burlend
Officer — Chief Operating Officer & VP · Director
Period of report
Jun 28, 2018
Accepted (ET)
Feb 13, 2019 · 6:09 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001085243
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock option (right to buy)F1 | $1.88 | Jun 28, 2018 | J | 5,000 | D | Jul 1, 2011 | Jul 1, 2018 | Common Stock | 5,000 | 0 | D |
| Stock option (right to buy)F3 | $1.40 | Nov 14, 2018 | J | 5,000 | D | Jan 1, 2012 | Jan 1, 2019 | Common Stock | 5,000 | 0 | D |
Explanation of responses
- F1Represents a non-qualified stock option to purchase 5,000 shares of the issuer's common stock at an exercise price of $1.88 per share granted to Mr. Burlend on July 1, 2011.
- F2Rather than have this stock option exercised in the market, the issuer purchased the stock option from Mr. Burlend for cash on June 28, 2018. The issuer's purchase of this stock option was effected in the same manner as stock option purchases from all other staff of the issuer. This Form 4 is being filed to report this previously unreported transaction.
- F3Represents a non-qualified stock option to purchase 5,000 shares of the issuer's common stock at an exercise price of $1.40 per share granted to Mr. Burlend on January 1, 2012.
- F4Rather than have this stock option exercised in the market, the issuer purchased such stock options from Mr. Burlend for cash on November 14, 2018. The issuer's purchase of this stock option was effected in the same manner as stock option purchases from all other staff of the issuer. This Form 4 is being filed to report this previously unreported transaction.