SEC Form 4 · accession 0000921895-19-000576
GLOBALSCAPE INC · GSB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael Patrick Canavan
Officer — Vice President of Sales
Period of report
Aug 23, 2017
Accepted (ET)
Feb 25, 2019 · 6:16 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001112920
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Non-Qualified Stock Option (right to buy)F1,F2 | $3.89 | Aug 23, 2017 | A | 25,000 | A | — | Aug 22, 2027 | Common Stock | 25,000 | 25,000 | D |
| Incentive Stock Option (right to buy)F3,F2 | $4.06 | Oct 10, 2018 | A | 16,670 | A | — | Oct 9, 2028 | Common Stock | 16,670 | 16,670 | D |
| Non-Qualified Stock Option (right to buy)F3,F2 | $4.06 | Oct 10, 2018 | A | 33,330 | A | — | Oct 9, 2028 | Common Stock | 33,330 | 33,330 | D |
Explanation of responses
- F1These options vest in equal increments over a three-year period commencing on the first anniversary of the grant date, such that 33.3% of the options will vest on the first, second and third anniversaries of the grant date, provided that the Reporting Person is employed by the Issuer on each date.
- F2The option will expire on the day prior to the tenth anniversary of the grant date, or in the event of the Reporting Person's termination of service as an employee, on such earlier date.
- F3These options vest in equal increments over a three-year period commencing on the first anniversary of the grant date, such that 33.3% of the options will vest on the first, second and third anniversaries of the grant date, provided that the Reporting Person is employed by the Issuer on each date.