SEC Form 4 · accession 0001083763-15-000036
WALKER INNOVATION INC. · WLKR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jay S Walker
Officer — Executive Chairman · Director · 10% Owner
Period of report
May 5, 2015
Accepted (ET)
May 7, 2015 · 11:34 am EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001294649
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF2,F3 | May 5, 2015 | P | 5,440 | $2.0731 | A | 89,200 | D | |
| Common Stock | May 6, 2015 | P | 5,440 | $1.90 | A | 94,640 | D | |
| Common StockF4 | holding | — | — | — | 2,358,500 | I | Walker Digital, LLC |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Series B Convertible Preferred StockF4,F5 | — | holding | — | — | — | — | — | Common Stock | 14,999,000 | 14,999,000 | I |
Explanation of responses
- F1The purchase of the shares of Common Stock were made pursuant to a plan intended to comply with Rule 10b5-1(c), previously entered into on March 19, 2015.
- F2The number of securities reported represents an aggregate number of shares purchased in multiple open market transactions over a range of purchase prices. The price reported represents the weighted average price. The Reporting Person undertakes to provide to the staff of the SEC, the Issuer, or a stockholder of the Issuer, upon request, the number of shares purchased by the Reporting Person at each separate price within the range.
- F3Purchase prices range from $2.07 to $2.10 per share, inclusive.
- F4The Reporting Person is the sole member of JSW Investments, LLC, which is the managing member of Walker Digital, LLC; therefore the reporting person may be deemed to indirectly beneficially own the Issuer shares owned by Walker Digital, LLC.
- F5Each share of Series B Convertible Preferred Stock is convertible, at the option of the reporting person, at any time and from time to time, into one (1) share of Issuer's Common Stock.