SEC Form 4 · accession 0001209191-15-005199
Vystar Corp · VYST
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
William R. Doyle
Officer — Chairman, President & CEO · Director
Period of report
Nov 28, 2014
Accepted (ET)
Jan 20, 2015 · 5:19 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001308027
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Jan 16, 2015 | A | 284,616 | — | A | 2,574,799 | D | |
| Common StockF2 | holding | — | — | — | 64,000 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Common Stock Warrant (Right to Buy)F4 | $0.07 | Nov 28, 2014 | A | 105,217 | A | — | Nov 28, 2024 | Common Stock | 105,217 | 105,217 | D |
| Common Stock Warrant (Right to Buy)F4 | $0.06 | Nov 28, 2014 | A | 122,416 | A | — | Nov 28, 2024 | Common Stock | 122,416 | 122,416 | D |
| Common Stock Warrant (Right to Buy)F6 | $0.05 | Jan 16, 2015 | A | 1,061,182 | A | — | Jan 16, 2025 | Common Stock | 1,061,182 | 1,061,182 | D |
Explanation of responses
- F1The shares were issued to Mr. Doyle in exchange for his foregoing reimbursement of deferred compensation in the amount of $7,708.33, plus reimbursement of compensation that was erroneously omitted in calculating the dollar amount of deferred compensation owed to Mr. Doyle from January 2014 through November 2014.
- F2Held by Royal Bank of Canada Custodian FBO William R. Doyle RLVR IRA.
- F3The securities were issued to Mr. Doyle in exchange for his foregoing reimbursement of deferred compensation in the amount of $7,708.33.
- F4The warrant is exercisable immediately.
- F5The securities were issued to Mr. Doyle in exchange for his foregoing reimbursement of compensation in the amount of $35,000.00 to be paid in 2015.
- F61/12th of the shares underlying the warrant are exercisable on the last day of each month commencing on January 31, 2015 until fully vested on December 31, 2015, provided that the continuous service of Mr. Doyle as an executive officer of the Issuer and a member of the Issuer's Board of Directors continues through and on each applicable vesting date.