SEC Form 4 · accession 0001493152-15-000375
Advaxis, Inc. · ADXS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Gregory T. Mayes
Officer — Chief Operating Officer
Period of report
Dec 10, 2014
Accepted (ET)
Feb 4, 2015 · 9:34 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 | 41,799 | $0.00 | A | 159,995 | D | |
| Common StockF2 | Dec 10, 2014 | F | 21,988 | $3.33 | D | 138,007 | D | |
| Common StockF3 | Jan 30, 2015 | A | 243 | $9.85 | A | 138,250 | D | |
| Common StockF2 | Jan 30, 2015 | F | 67 | $9.85 | D | 138,183 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Mr. Mayes's employment agreement entitles him to a year end cash bonus. Mr. Mayes voluntarily requested to be paid his cash bonus in common stock of the registrant instead of cash. The company agreed to Mr. Mayes's request and he was therefore granted 41,799 shares of the registrant's common stock in lieu of a cash bonus payable to Mr. Mayes. Such grant was made upon approval of the registrant's compensation committee and agreement of executive. All of such shares vested immediately.
- F2Represents shares forfeited by the reporting person in order to pay withholding taxes associated with the stock issuance.
- F3The reporting person voluntarily agreed to use a percentage of his 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.