SEC Form 4 · accession 0001144204-16-141321
usell.com, Inc. · USEL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Scott Tepfer
Officer — See Remarks · 10% Owner
Period of report
Dec 22, 2016
Accepted (ET)
Dec 27, 2016 · 9:38 am 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 Stock | Dec 22, 2016 | S | 500,000 | $1.00 | D | 4,182,418 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Options (Right to Buy)F1 | $1.00 | Dec 22, 2016 | S | 500,000 | D | Dec 22, 2016 | Dec 22, 2021 | Common stock | 500,000 | 0 | D |
Explanation of responses
- F1The securities were issued as additional consideration under a common stock purchase and option agreement.
Remarks
Executive Vice President