SEC Form 4/A · accession 0001213900-16-016088
SITO MOBILE, LTD. · SITO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
This is an amendment (Form 4/A). It replaces an earlier filing for the same period.
Reporting owner
Gerard Francis Hug
Officer — CEO · Director
Period of report
Aug 9, 2016
Accepted (ET)
Aug 15, 2016 · 9:46 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001157817
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Options to Purchase Common StockF1,F2 | $4.00 | Aug 9, 2016 | A | 300,000 | A | — | Aug 8, 2023 | Common Stock | 300,000 | 563,090 | D |
| Options to Purchase Common StockF1,F3 | $4.00 | Aug 9, 2016 | A | 37,500 | A | — | Aug 8, 2023 | Common Stock | 37,500 | 600,590 | D |
Explanation of responses
- F1Includes performance options which have not yet been earned which are depending upon the achievement of certain corporate goals.
- F2The options granted shall vest and become exercisable in 1/3 increments over a three year period commencing on the first anniversary of the date of grant.
- F3The options granted are performance options and shall vest and become exercisable in 1/3 increments over a three year period commencing on the first anniversary of the date of grant. The maximum number of options subject to the grant shall be 37,500. The number of options to be received by the Reporting Person is dependent upon the achievement of certain corporate goals, determined by the Compensation Committee of the Issuer.