SEC Form 4 · accession 0001214659-15-008316
PCS Edventures!, Inc. · PCSV
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Paula LuPriore
Director
Period of report
Jun 1, 2015
Accepted (ET)
Dec 10, 2015 · 3:31 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001122020
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Restricted Common Stock UnitF1,F2 | Jun 1, 2015 | A | 46,150 | $0.15 | A | 46,150 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Common Stock UnitF4,F3 | $0.19 | Sep 24, 2015 | A | 81,000 | A | Sep 30, 2016 | Sep 30, 2016 | Restricted Common Stock Unit | 81,000 | 81,000 | D |
Explanation of responses
- F1Grant of Restricted Stock Units. The Board of Directors of the Company granted the reporting person (the "Participant") 46,150 restricted stock units (the "Restricted Stock Units") on June 1, 2015 (the "Grant Date"), in accordance with the provisions of Article 6 of the Company's 2009 Equity Compensation Plan (the "Plan"), representing compensation for board services for the period of June 1, 2015, through September 30, 2015. On September 30, 2015, the Plan's Vesting and Settlement conditions of:: (i) the Participant has been re-elected as a director at the annual meeting of the Company's shareholders in September 2015; and (ii) the Participant has continued to serve as a Company director through September 30, 2015, were satisfied.
- F2The Restricted Stock Units are revalued at date of vesting and were issued on November 16, 2015.
- F3Grant of Restricted Stock Units. The Board of Directors of the Company also granted the Participant 81,000 Restricted Stock Units on September 24, 2015 (the "Grant Date"), in accordance with the provisions of Article 6 of the Company's Plan, at the close of market price, representing compensation for board services for the period of October 1, 2015, through September 30, 2016. Each Restricted Stock Unit represents the right to receive one share of the Company's common stock in the future, subject to the restrictions and other conditions set forth in the Restricted Stock Unit Award Agreement (the "Agreement") and in the Plan.
- F4The Restricted Stock Units do not vest and are forfeitable until the "Vesting and Settlement" conditions of the Agreement have been satisfied. The Restricted Stock Units are revalued at date of vesting and are issued when administratively practicable.