SEC Form 4 · accession 0001415889-18-001092
Charlie's Holdings, Inc. · CHUC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kevin Charles Sherman
Director
Period of report
Jul 5, 2018
Accepted (ET)
Jul 6, 2018 · 9:57 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001134765
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock OptionF1 | $0.07 | Jul 5, 2018 | D | 10,238,012 | D | Sep 29, 2017 | Sep 29, 2022 | Common Stock | 10,238,012 | — | D |
| Stock OptionF1 | $0.025 | Jul 5, 2018 | A | 10,238,012 | A | Jul 5, 2018 | Jan 30, 2023 | Common Stock | 10,238,012 | 10,238,012 | D |
| Stock Option | $0.015 | Jul 5, 2018 | A | 35,971,988 | A | Jul 5, 2018 | Jan 30, 2028 | Common Stock | 35,971,988 | 35,971,988 | D |
Explanation of responses
- F1The reported transaction involved the modification of certain outstanding options, resulting in the deemed cancellation of the "old" options and the grant of replacement options with a reduced exercise price of $0.025 per share and extended expiration date, which modifications were approved in advance by the Issuer's Board of Directors on January 30, 2018. The cancellation and subsequent grant were both exempt from Section 16(b) pursuant to Rule 16b-3(e) and Rule 16b-3(d), respectively.