SEC Form 3 · accession 0001715762-17-000004
Usio, Inc. · USIO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Vaden Cecil Landers
Officer — Chief Revenue Officer · 10% Owner
Period of report
Sep 1, 2017
Accepted (ET)
Sep 12, 2017 · 4:26 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001088034
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock, $0.001 par value per shareF1 | holding | — | — | — | 1,815,152 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1300,000 of the shares of common stock were issued to the reporting person in connection with the entry into an employment agreement with the issuer. The 300,000 shares of common stock vest on 09/01/2027 or earlier upon a change of control or other events as specified in the employment agreement. The remaining 1,515,152 shares were issued to the reporting owner as a result of the sale of all membership rights in Singular Payments, LLC.