SEC Form 4 · accession 0001140361-17-015454
Riot Platforms, Inc. · RIOT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael Martin Beeghley
Officer — Chief Executive Officer · Director
Period of report
Apr 7, 2017
Accepted (ET)
Apr 10, 2017 · 5:04 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001167419
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (Right to Buy)F1,F2 | $4.02 | Apr 7, 2017 | A | 20,000 | A | — | Apr 7, 2027 | Common Stock | 20,000 | 20,000 | D |
Explanation of responses
- F1(1) Represents a grant of an option to purchase the Company's common stock (the "Options Award") at an exercise price equal to the fair market value on the date of issuance, as determined in accordance with NASDAQ rules, pursuant to the Company's 2016 Equity Incentive Plan (the "2016 Plan"). The Options Award shall vest in 24 equal monthly installments over a two year period, beginning on the one month anniversary of the date of issuance. The vesting of the Options Award is subject to acceleration upon the occurrence of a "Qualifying Transaction", as such term is defined in the 2016 Plan.
- F2The Options Award was granted in connection with the Reporting Person's appointment as Chief Executive Officer of the Company.