SEC Form 3 · accession 0001213900-16-009971
Zoned Properties, Inc. · ZDPY
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Patricia Haugland
Officer — Chief Operating Officer
Period of report
Dec 21, 2015
Accepted (ET)
Jan 7, 2016 · 5:03 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001279620
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | holding | — | — | — | 15,000 | D |
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 | $1.00 | holding | — | — | — | Jul 31, 2015 | May 1, 2020 | Common Stock | 50,000 | — | D |
| Stock Option (right to buy)F2 | $1.00 | holding | — | — | — | May 1, 2016 | May 1, 2020 | Common Stock | 250,000 | — | D |
Explanation of responses
- F1Pursuant to the terms of the reporting person's employment agreement with the issuer dated May 1, 2015, the issuer granted the reporting person an option to buy 50,000 shares of common stock on May 1, 2015. The option vested in full 90 days after the grant date. The reporting person has resigned as an executive officer of the issuer. She will cease to be an executive officer effective January 28, 2016. Pursuant to the terms of the grant, the option will terminate on April 28, 2016.
- F2Pursuant to the terms of the reporting person's employment agreement with the issuer dated May 1, 2015, the issuer granted the reporting person an option to buy 250,000 shares of common stock on May 1, 2015. The option was to vest and become exercisable with respect to 50,000 shares on each of May 1, 2016, May 1, 2017, May 1, 2018, May 1, 2019 and May 1, 2020. The reporting person has resigned as an executive officer of the issuer. She will cease to be an executive officer effective January 28, 2016. Pursuant to the terms of the grant, none of the option will vest.