SEC Form 4 · accession 0001660878-16-000014

VirtualScopics, Inc. · VSCP

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Director

Period of report

May 10, 2016

Accepted (ET)

May 12, 2016 · 1:52 pm EDT

Rule 10b5-1 plan

unknown — predates the checkbox

Issuer CIK

0001307752

Table I — non-derivative securities

Security	Date	Code	Shares	Price	A/D	Owned after	D/I	Nature of ownership
Common Stock	May 10, 2016	D	1,294	$4.05	D	0	D

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	D/I
Stock Options^F1	$30.30	May 10, 2016	D	2,500	D	—	Aug 10, 2016	Common Stock	2,500	D
Stock Options^F1	$10.20	May 10, 2016	D	1,485	D	—	May 27, 2019	Common Stock	1,485	D
Stock Options^F1	$12.80	May 10, 2016	D	1,172	D	—	May 10, 2020	Common Stock	1,172	D
Stock Options^F1	$19.90	May 10, 2016	D	1,000	D	—	May 2, 2021	Common Stock	1,000	D
Stock Options^F1	$12.10	May 10, 2016	D	1,500	D	—	Feb 27, 2022	Common Stock	1,500	D
Stock Options^F1	$8.60	May 10, 2016	D	500	D	—	Aug 14, 2022	Common Stock	500	D
Series A Convertible Preferred Stock^F2	$336.30	May 10, 2016	D	50	D	Nov 5, 2005	—	Common Stock	50	D

F1These options which provided for vesting in four equal annual installments beginning 8/10/06, 5/27/09, 5/10/10, 5/2/11, 2/27/12, and 8/14/12, respectively, were cancelled pursuant to a Merger Agreement between Issuer and BioTelemetry Acquisition Corporation, a wholly-owned subsidiary of BioTelemetry, Inc., in exchange for an amount in cash equal to the product of (A) the positive excess, if any, of (1) the Common Merger Consideration over (2) the exercise price per Common Share then in effect in respect of such stock option, and (B)the aggregate number of Common Shares subject to such stock option immediately prior to the effective time of the merger.
F2The Series A Convertible Preferred Stock does not expire.