SEC Form 4 · accession 0001144204-15-057681
Fabric.AI, Inc. · FABC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
A later amendment supersedes this filing — read the amendment. The figures below are kept as originally reported (version chain, not an overwrite).
Reporting owner
David R Allen
Officer — CFO
Period of report
Sep 29, 2015
Accepted (ET)
Oct 1, 2015 · 4:07 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001086745
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 purchase)F1 | $1.32 | Sep 29, 2015 | A | 500,000 | A | — | Sep 29, 2025 | Common Stock | 500,000 | 520,000 | D |
Explanation of responses
- F1The Options were granted under the WPCS International Incorporated 2014 Equity Incentive Plan. 250,000 options vested immediately upon granting, 75,000 options will vest on April 30, 2016 and 175,000 options will vest upon either the issuer achieving certain revenue goals for the fiscal year ending April 30, 2016 or the issuer closing on a merger transaction by September 1, 2016.