SEC Form 5 · accession 0001140361-15-004271
LIQUIDMETAL TECHNOLOGIES INC · LQMT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Ricardo A Salas
Officer — Executive Vice President · Director
Period of report
Aug 12, 2014
Accepted (ET)
Feb 5, 2015 · 1:23 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001141240
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Aug 12, 2014 | M | 300,000 | $0.124 | A | 5,397,611 | D | |
| Common Stock | Aug 12, 2014 | M | 100,000 | $0.08 | A | 5,497,611 | D | |
| Common Stock | Aug 12, 2014 | G | 300,000 | $0.00 | D | 5,197,611 | D | |
| Common Stock | Aug 12, 2014 | G | 100,000 | $0.00 | D | 5,097,611 | D |
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)F1 | $0.124 | Aug 12, 2014 | M | 300,000 | D | — | Jul 12, 2020 | Common Stock | 300,000 | 300,000 | D |
| Stock Option (Right to Buy)F2 | $0.08 | Aug 12, 2014 | M | 100,000 | D | — | Feb 6, 2023 | Common Stock | 100,000 | 700,000 | D |
Explanation of responses
- F1These shares will vest on July 12, 2014 and July 12, 2015.
- F2The options vest over a 5-year period on the following schedule: the shares vest 20% on the first anniversary of the date of grant (i.e., February 6, 2014), with the remaining 80% vesting at 1.666% per consecutive calendar month thereafter through and including the fifth anniversary of the date of grant.