SEC Form 4 · accession 0001493152-16-007256
PCS Edventures!, Inc. · PCSV
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Robert O Grover
Officer — Exectutive VP
Period of report
Nov 18, 2015
Accepted (ET)
Feb 8, 2016 · 5:38 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 StockF1,F2 | Nov 18, 2015 | A | 50,000 | $0.10 | A | 833,974 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Incentive Stock Option AwardF3 | $0.09 | Nov 18, 2015 | A | 200,000 | A | Nov 18, 2016 | Nov 18, 2019 | Common Stock | 200,000 | 0 | D |
Explanation of responses
- F1This is restricted stock issued as compensation of 50,000 shares based on the execution of agreement dated 11/18/15.
- F2Shares Beneficially Owned following the reported transaction include: Robert Grover: 645,248 Robert O Grover & Heidi K Grover: 133,726 Heidi Grover 55,000
- F3Per Confidentiality, Non-Competition and Non-Solicitation Agreement issued under 2009 Equity Incentive Plan on 11/18/15, 200,000 incentive stock options granted at the closing price on the day before the agreement was signed, and vesting at the end of the 12-month period.