SEC Form 4 · accession 0001140361-17-032357
LIQUIDMETAL TECHNOLOGIES INC · LQMT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Paul A Hauck
Officer — VP-Worldwide Sales & Marketing
Period of report
Aug 11, 2017
Accepted (ET)
Aug 15, 2017 · 6:00 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 | Aug 11, 2017 | M | 1,000,000 | $0.14 | A | 1,000,000 | D | |
| Common Stock | Aug 11, 2017 | M | 566,667 | $0.07 | A | 1,566,667 | D | |
| Common StockF4 | Aug 11, 2017 | S | 450,000 | $0.30 | D | 1,116,667 | D | |
| Common StockF5 | Aug 14, 2017 | S | 971,177 | $0.31 | D | 145,490 | D | |
| Common StockF6 | Aug 15, 2017 | S | 140,490 | $0.31 | D | 5,000 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock OptionF1 | $0.14 | Aug 11, 2017 | M | 1,000,000 | D | — | Mar 3, 2025 | Common Stock | 1,000,000 | 1,000,000 | D |
| Stock OptionF2 | $0.07 | Aug 11, 2017 | M | 566,667 | D | — | Feb 27, 2026 | Common Stock | 566,667 | 1,433,333 | D |
| Stock OptionF3 | $0.27 | holding | — | — | — | — | Feb 17, 2024 | Common Stock | 2,282,000 | 2,282,000 | D |
Explanation of responses
- F1The option, representing a right to purchase a total of 2,000,000 shares, became exercisable on the first year anniversary of the date of grant, with 20% vesting on such first anniversary. Thereafter, the shares shall vest monthly over 4 years, in equal monthly installments, with the option being 100% vested on the fifth anniversary of such first anniversary.
- F2The option, representing a right to purchase a total of 2,000,000 shares, became exercisable on the first year anniversary of the date of grant, with 20% vesting on such first anniversary. Thereafter, the shares shall vest monthly over 4 years, in equal monthly amounts, with the option being 100% vested on the fifth anniversary of such first anniversary.
- F3Shares commence vesting on the on the first year anniversary of the date of grant, with 20% vesting on such first anniversary. Thereafter, the shares shall vest monthly over 4 years, in equal monthly amounts, with the option being 100% vested on the fifth anniversary of such first anniversary.
- F4The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $0.30 to $0.305, inclusive. The Reporting Person undertakes to provide Liquidmetal Technologies Inc. ("the Company"), any security holder of the Company, or the staff of the Securities & Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth herein.
- F5The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $0.305 to $0.316, inclusive. The Reporting Person undertakes to provide the Company, any security holder of the Company, or the staff of the Securities & Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth herein.
- F6The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $0.30 to $0.315, inclusive. The Reporting Person undertakes to provide the Company, any security holder of the Company, or the staff of the Securities & Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth herein.