SEC Form 4 · accession 0001116354-15-000003
JANEL CORP · JANL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Brendan James Killackey
Officer — Chief Executive Officer · Director
Period of report
Dec 31, 2014
Accepted (ET)
Mar 19, 2015 · 10:02 am EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001133062
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Mar 2, 2015 | A | 285,714 | $0.00 | A | 285,714 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Common Stock Purchase OptionF2 | $0.09 | Dec 31, 2014 | A | 250,000 | A | — | Dec 31, 2024 | Common Stock | 250,000 | 250,000 | D |
Explanation of responses
- F1The shares were granted in consideration for the Reporting Person's services as Chief Executive Officer through August 31, 2015, subject to forfeiture if his position as Chief Executive Officer is terminated prior to February 27, 2017.
- F2Of the 250,000 options granted, 83,333 become exercisable on December 29, 2015, 83,333 become exercisable on December 29, 2016 and 83,334 become exercisable on December 29, 2017.