SEC Form 3 · accession 0001213900-17-004586
SITO MOBILE, LTD. · SITO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jonathon David Lowen
Officer — Chief Operating Officer
Period of report
Apr 24, 2017
Accepted (ET)
May 3, 2017 · 9:06 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001157817
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | holding | — | — | — | 54,991 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance Stock OptionsF1 | $2.805 | holding | — | — | — | Nov 21, 2015 | Nov 21, 2019 | Common Stock | 15,000 | — | D |
| Performance Stock OptionsF2 | $3.51 | holding | — | — | — | Nov 18, 2016 | Nov 18, 2020 | Common Stock | 28,000 | — | D |
| Stock OptionsF3 | $2.95 | holding | — | — | — | May 5, 2017 | May 5, 2021 | Common Stock | 125,000 | — | D |
| Performance Stock OptionsF4 | $4.00 | holding | — | — | — | Aug 9, 2017 | Aug 9, 2023 | Common Stock | 1,774 | — | D |
| Performance Stock OptionsF5 | $3.46 | holding | — | — | — | Dec 22, 2017 | Dec 22, 2023 | Common Stock | 25,000 | — | D |
| Stock OptionsF6 | $2.76 | holding | — | — | — | Apr 24, 2017 | Apr 24, 2024 | Common Stock | 75,000 | — | D |
Explanation of responses
- F1The options are performance options granted on November 21, 2014. The options vest and are exercisable in 1/3 increments over a three year period commencing on the first anniversary of the date of grant.
- F2The options are performance options granted on November 18, 2015. The options vest and are exercisable in 1/3 increments over a three year period commencing on the first anniversary of the date of grant.
- F3The options were granted on May 5, 2016; 1/3 vested upon grant, 1/3 shall vest on the first anniversary of the grant date and the remaining 1/3 shall vest on the second anniversary of the grant date.
- F4The options are performance options granted on August 9, 2016. The options vest and are exercisable in 1/3 increments over a three year period commencing on the first anniversary of the date of grant.
- F5The options are performance options granted on December 22, 2016. The options 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 25,000. 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.
- F6The options were granted on April 24, 2017; 1/3 vested upon grant, 1/3 shall vest on the first anniversary of the grant date and the remaining 1/3 shall vest on the second anniversary of the grant date.