SEC Form 4 · accession 0001580695-15-000107

MINT LEASING INC · MLES

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Officer — President, CEO, and Secretary · Director · 10% Owner

Period of report

Dec 9, 2011

Accepted (ET)

Apr 8, 2015 · 3:45 pm EDT

Rule 10b5-1 plan

unknown — predates the checkbox

Issuer CIK

0001124127

Table I — non-derivative securities

Security	Date	Code	Shares	Price	A/D	Owned after	D/I	Nature of ownership
Common Stock	Dec 9, 2011	G	2,239,436	$0.00	A	42,678,872	D
Common Stock	Mar 31, 2015	P	84,256	$0.20	A	42,763,128	D

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Stock Option (Right to Buy)^F3,F2	$3.00	Sep 23, 2014	J	2,000,000	D	—	Jul 18, 2018	Common Stock	2,000,000	2,000,000	D
Stock Option (Right to Buy)^F3,F2	$0.10	Sep 23, 2014	J	2,000,000	A	—	Jul 18, 2018	Common Stock	2,000,000	2,000,000	D

F1Effective September 23, 2014, Mr. Parish, as sole director of the Issuer, approved a re-pricing of the 2 million options to purchase shares of the Issuer's common stock at an exercise price of $3.00 per share which were originally granted to Mr. Parish in 2008, to provide for such options to have an exercise price of $0.10 per share. The options were re-priced in consideration for services rendered to the Issuer by Mr. Parish as Chief Executive Officer, and due to the fact that the Issuer's common stock has consistently traded well below the original $3.00 per share exercise price.
F2One-third of the options vested to Mr. Parish on the first, second and third anniversary of the grant date (July, 28, 2008).
F3Granted to Mr. Parish in his capacity as an officer and director of the Issuer, which grant was exempt from Section 16(b) pursuant to Rule 16b-3(d).