SEC Form 4 · accession 0001213900-16-019693
SITO MOBILE, LTD. · SITO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Gerard Francis Hug
Officer — CEO · Director
Period of report
Dec 22, 2016
Accepted (ET)
Dec 23, 2016 · 6:08 pm EST
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 | $3.46 | Dec 22, 2016 | A | 150,000 | A | — | Dec 22, 2023 | Common Stock | 150,000 | 739,009 | D |
Explanation of responses
- F1The 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 150,000. 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.