SEC Form 4 · accession 0001213900-17-005923
SITO MOBILE, LTD. · SITO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Joseph Beatty
Director
Period of report
May 24, 2017
Accepted (ET)
May 26, 2017 · 9:46 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 | May 24, 2017 | M | 25,000 | $2.58 | A | 44,965 | D | |
| Common Stock | May 24, 2017 | F | 15,320 | $4.21 | D | 29,645 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock OptionF2 | $2.58 | May 24, 2017 | M | 25,000 | D | — | Feb 18, 2021 | Common Stock | 25,000 | 32,945 | D |
Explanation of responses
- F1Represents a "net exercise" of outstanding stock options. The reporting person received 9,680 shares of common stock on the net exercise of an option to purchase 25,000 shares of common stock. The reporting person forfeited 15,320 shares of common stock underlying the option in payment of the exercise price, based on the market price of SITO common stock on May 23, 2017 of $4.21.
- F2The stock option became exercisable upon the date of grant.