SEC Form 4 · accession 0001144204-17-023952
Fabric.AI, Inc. · FABC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Charles F Benton
Director
Period of report
Apr 28, 2017
Accepted (ET)
May 2, 2017 · 4:19 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 | $1.35 | Apr 28, 2017 | A | 50,000 | A | Apr 28, 2017 | Apr 28, 2027 | Common Stock | 50,000 | 284,935 | D |
Explanation of responses
- F1The options were granted under the WPCS International Incorporated 2014 Equity Incentive Plan. The 50,000 options vested immediately upon granting,. In addition, all 284,935 options owned by the Reporting Person are subject to a lock up agreement which will expire on the earlier of December 30, 2017 and a change in control of the Issuer.