SEC Form 4 · accession 0001140361-15-025535
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
Jun 23, 2015
Accepted (ET)
Jun 26, 2015 · 4:19 pm EDT
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 | Jun 23, 2015 | M | 166,666 | $0.08 | A | 5,264,277 | D | |
| Common Stock | Jun 23, 2015 | G | 166,666 | $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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Option to BuyF1 | $0.08 | Jun 23, 2015 | M | 166,666 | D | — | Feb 6, 2023 | Common Stock | 166,666 | 533,334 | D |
Explanation of responses
- F1The option shares 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.