SEC Form 4 · accession 0001140361-16-084667
LIQUIDMETAL TECHNOLOGIES INC · LQMT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Li Yeung Tak Lugee
Director · 10% Owner
Period of report
May 4, 2016
Accepted (ET)
Nov 3, 2016 · 12:10 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, $0.001 par value per shareF1 | Oct 26, 2016 | A | 100,000,000 | $0.25 | A | 205,000,000 | I | By Liquidmetal Technology Limited |
| Common Stock, $0.001 par value per shareF1 | Oct 26, 2016 | A | 200,000,000 | $0.15 | A | 405,000,000 | I | By Liquidmetal Technology Limited |
| Common Stock, $0.001 par value per share | holding | — | — | — | 1,360,150 | 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)F2 | $0.13 | May 4, 2016 | A | 700,000 | A | — | May 4, 2026 | Common Stock Par Value $0.001 | 700,000 | 700,000 | D |
| Common Stock Purchase WarrantF3 | $0.07 | holding | — | — | — | Mar 10, 2016 | Mar 10, 2026 | Common Stock Par Value $0.001 | 10,066,809 | 10,066,809 | I |
Explanation of responses
- F1Liquidmetal Technology Limited, a Hong Kong corporation, holds such shares of common stock. Mr. Li is the sole shareholder, executive officer and director of Liquidmetal Technology Limited.
- F2Represents an option granted under the Company's 2015 Equity Incentive Plan. The shares covered by the option will vest 20% on the first year anniversary date from the date of grant. Thereafter, the shares covered by the option will vest monthly over 4 years with the option being 100% vested on the fifth anniversary of the date of grant.
- F3Liquidmetal Technology Limited holds such common stock purchase warrant. Mr. Li is the sole shareholder, executive officer and director of Liquidmetal Technology Limited.