SEC Form 4 · accession 0001493152-18-000827
REED'S, INC. · REED
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Scott R. Grossman
Director
Period of report
Sep 29, 2017
Accepted (ET)
Jan 22, 2018 · 12:57 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001140215
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | Jan 10, 2018 | A | 17,647 | — | A | 54,412 | D | |
| Common StockF3,F4 | Jan 10, 2018 | A | 50,000 | — | A | 54,412 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Non-Qualified Stock Option AwardF6,F5 | $2.20 | Sep 29, 2017 | A | 30,000 | A | — | Sep 29, 2022 | Common Stock | 30,000 | 10,000 | D |
Explanation of responses
- F1Restricted Stock Award pursuant to Reed's Inc. 2017 Incentive Compensation Plan, vesting in equal increments on each of February 1, 2018, May 1, 2018 August 1, 2018, and November 1, 2018.
- F2Director compensation for 2018.
- F3Restricted Stock Award pursuant to Reed's Inc. 2017 Incentive Compensation Plan.
- F4Director compensation as bonus.
- F5Award vests in equal increments on 9/29/17, 9/29/18 and 9/29/19.
- F6Grant awarded for director services.