SEC Form 4 · accession 0001493152-16-012028
PCS Edventures!, Inc. · PCSV
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Todd Raymond Hackett
Officer — CEO · Director · 10% Owner
Period of report
Jul 18, 2016
Accepted (ET)
Aug 5, 2016 · 7:30 am EDT
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 |
|---|---|---|---|---|---|---|---|---|
| Rule 144 Restricted Common Stock | Jul 18, 2016 | A | 625,000 | $0.08 | A | 32,338,404 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Warrants to purchase Common StockF1 | $0.04 | Jan 22, 2015 | A | 2,000,000 | A | Jan 22, 2015 | Jan 22, 2018 | Restricted Common Stock Unit | 2,000,000 | 2,000,000 | D |
| Restricted Common Stock UnitF2 | $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
- F1As part of the Promissory Note first dated January 16, 2015, the Company has issued warrants ("Original Warrants") to acquire up to 2,000,000 shares of Company's common stock for $0.04 per share exercisable at any time within 36 months after the date of issuance of the Original Warrants.
- F2Grant of Restricted Stock UnitsThe 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. The 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.