SEC Form 4 · accession 0001493152-15-002896
TearLab Corp · TEAR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Wes Brazell
Officer — Chief Financial Officer
Period of report
Jul 6, 2015
Accepted (ET)
Jul 8, 2015 · 6:31 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001299139
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 | $1.99 | Jul 6, 2015 | A | 200,000 | A | — | Jul 6, 2025 | Common Stock | 200,000 | 200,000 | D |
Explanation of responses
- F1One third (1/3rd) of the shares subject to the option shall vest and become exercisable on the one (1) year anniversary of July 6, 2015 (the "Vesting Commencement Date") and, thereafter, one third (1/3rd) of the shares subject to the option shall vest and become exercisable on the second (2nd) anniversary of the Vesting Commencement Date, and one third (1/3rd) of the shares subject to the option shall vest and become exercisable on the third (3rd) anniversary of the Vesting Commencement Date, subject to the Reporting Person continuing to be a service provider on each such date.