SEC Form 4/A · accession 0001144204-16-096697
Fabric.AI, Inc. · FABC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
This is an amendment (Form 4/A). It replaces an earlier filing for the same period.
Reporting owner
David R Allen
Officer — CFO
Period of report
Sep 29, 2015
Accepted (ET)
Apr 27, 2016 · 6:21 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 the issuer closing on a merger or acquisition transaction by December 31, 2016.
Remarks
This amendment is being filed to reflect a revision made on April 25, 2016 to the vesting requirement on 175,000 of the options.