SEC Form 4 · accession 0001493152-15-000373
Advaxis, Inc. · ADXS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Sara Bonstein
Officer — Chief Financial Officer
Period of report
Dec 10, 2014
Accepted (ET)
Feb 4, 2015 · 9:33 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001100397
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Dec 10, 2014 | A | 22,595 | $0.00 | A | 108,612 | D | |
| Common StockF2 | Jan 30, 2015 | A | 205 | $9.85 | A | 108,817 | D | |
| Common StockF3 | Jan 30, 2015 | F | 56 | $9.85 | D | 108,761 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Ms. Bonstein's employment agreement entitles her to a year end cash bonus. Ms. Bonstein voluntarily requested to be paid a portion of her cash bonus in common stock of the registrant instead of cash. The company agreed to Ms. Bonstein's request and she was therefore granted 22,595 shares of the registrant's common stock in lieu of a cash bonus payable to Ms. Bonstein. Such grant was made upon approval of the registrant's compensation committee and agreement of executive. All of such shares vested immediately.
- F2The reporting person voluntarily agreed to use a percentage of her base salary to purchase restricted shares of the issuer. Shares are purchased monthly using the closing price of the last trading day of the month.
- F3Represents shares forfeited by the reporting person in order to pay withholding taxes associated with the stock issuance.