SEC Form 4 · accession 0001429619-17-000008
WALKER INNOVATION INC. · WLKR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kara B Jenny
Officer — Chief Financial Officer
Period of report
Sep 8, 2017
Accepted (ET)
Sep 11, 2017 · 4:09 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001294649
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 | $0.39 | Sep 8, 2017 | A | 250,000 | A | — | Sep 8, 2027 | Common Stock | 250,000 | 250,000 | D |
Explanation of responses
- F1Stock option granted pursuant to Walker Innovation Inc. (formerly known as The Patent Properties, Inc.) 2015 Long-term Incentive Plan in respect of 83,333 shares exercisable from and after September 8, 2018; 83,333 shares exercisable from and after September 8, 2019; and 83,334 shares exercisable from and after September 8, 2020. In the event of termination of the Executive Employment Agreement made as of May 27, 2014 between Walker Innovation Inc. and Kara B. Jenny (the "Employment Agreement) by Walker Innovation Inc. without "Cause" (as defined in the Employment Agreement) or termination of the Employment Agreement by Kara B. Jenny for "Good Reason" (as defined in the Employment Agreement) within six (6) months of a "Change in Control" (as defined in the 2015 Long-term Incentive Plan), then all such stock options shall vest immediately prior to such termination.