SEC Form 4 · accession 0001144204-16-074908
usell.com, Inc. · USEL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Daniel Brauser
Director · Other
Period of report
Jan 6, 2016
Accepted (ET)
Jan 8, 2016 · 4:52 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001271075
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | Jan 6, 2016 | A | 60,000 | — | A | 60,000 | D | |
| Common Stock | holding | — | — | — | 657,900 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The securities vest in three equal annual increments subject to continued service on each vesting date, with the first vesting date being one year from the Transaction Date, and fully vesting upon a change of control. The reporting person has the option to elect to receive the securities in the form of restricted stock or restricted stock units, with such election being fixed at the time of executing an agreement with the Issuer. If elected, restricted stock units will be delivered three years from the Transaction Date.
- F2Not applicable.