SEC Form 4 · accession 0001140361-16-088273
LIQUIDMETAL TECHNOLOGIES INC · LQMT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Tony Chung
Officer — Chief Financial Officer
Period of report
Nov 28, 2016
Accepted (ET)
Nov 30, 2016 · 5:41 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 StockF1 | Nov 28, 2016 | P | 47,563 | $0.1657 | A | 2,003,112 | D | |
| Common StockF2 | Nov 29, 2016 | P | 23,191 | $0.1691 | A | 2,026,303 | D | |
| Common StockF3 | Nov 30, 2016 | P | 517,518 | $0.1795 | A | 2,543,821 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock OptionF4 | $0.124 | holding | — | — | — | — | Jul 11, 2020 | Common Stock | 100,000 | 100,000 | D |
| Stock OptionF5 | $0.08 | holding | — | — | — | — | Feb 6, 2023 | Common Stock | 781,200 | 781,200 | D |
| Stock OptionF6 | $0.29 | holding | — | — | — | — | Feb 5, 2024 | Common Stock | 976,500 | 976,500 | D |
| Stock OptionF7 | $0.14 | holding | — | — | — | — | Jan 27, 2025 | Common Stock | 1,500,000 | 1,500,000 | D |
| Stock OptionF8 | $0.07 | holding | — | — | — | — | Feb 17, 2026 | Common Stock | 1,500,000 | 1,500,000 | D |
Explanation of responses
- F1The price in Column 4 is a weighted average price. The prices actually paid ranged from $0.164 to $0.167. The reporting person has provided to the issuer, and will provide to any security holder of the issuer, or the SEC staff, upon request, information regarding the number of shares purchased at each price within the range for all transactions reported in this Form 4 utilizing a weighted average price.
- F2The price in Column 4 is a weighted average price. The prices actually paid ranged from $0.166 to $0.17. The reporting person has provided to the issuer, and will provide to any security holder of the issuer, or the SEC staff, upon request, information regarding the number of shares purchased at each price within the range for all transactions reported in this Form 4 utilizing a weighted average price.
- F3The price in Column 4 is a weighted average price. The prices actually paid ranged from $0.175 to $0.18. The reporting person has provided to the issuer, and will provide to any security holder of the issuer, or the SEC staff, upon request, information regarding the number of shares purchased at each price within the range for all transactions reported in this Form 4 utilizing a weighted average price.
- F4The shares covered by the Option vest in five equal annual installments of 20% beginning one year from the date of grant.
- F5The shares covered by the Option vest over a 5-year period on the following schedule: the shares vest 20% on the first anniversary date of grant, with the remaining 80% vesting at 1.666% per consecutive calendar month thereafter through and including the fifth anniversary of the date of grant.
- F6The shares covered by the Option will vest over a 5-year period on the following schedule: the shares vest 20% on the first anniversary of the date of grant; with the remaining 80% vesting at 1.666% per consecutive calendar month thereafter through and including the fifth anniversary of the date of grant.
- F7The shares covered by the Option shall vest 20% on the first year anniversary date from the date of grant. Thereafter, the shares covered by the Option shall vest monthly over 4 years with the Option being 100% vested on the fifth anniversary of the date of grant. Form 4 for option grant was inadvertently not timely filed, but grant was reported on Form 8-K filed by issuer on February 9, 2015.
- F8The shares covered by the Option shall vest 20% on the first year anniversary date from the date of grant. Thereafter, the shares covered by the Option shall vest monthly over 4 years with the Option being 100% vested on the fifth anniversary of the date of grant.