SEC Form 4 · accession 0001654954-17-009105
HireQuest, Inc. · HQI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Frederick J Sandford
Officer — President, CEO and Director · Director
Period of report
Sep 29, 2017
Accepted (ET)
Oct 3, 2017 · 5:22 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001140102
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 option (right to buy)F2,F1 | $0.45 | Sep 29, 2017 | A | 250,000 | A | — | Sep 29, 2027 | Common Stock | 250,000 | 2,050,000 | D |
Explanation of responses
- F1The stock options vest in four equal tranches, with the first one-fourth vesting on the grant date, or 09/29/2017, the second one-fourth vesting on the first anniversary of the grant date, or 9/29/2018, the third one-fourth vesting on the second anniversary of the grant date, or 09/29/2019, and the fourth one-fourth vesting on the third anniversary of the grant date, or 09/29/2020.
- F2The stock options were granted in connection with Issuer's 2017 Executive Bonus Plan.