SEC Form 4 · accession 0001209191-15-084594
Vystar Corp · VYST
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jason M. Meggs
Director
Period of report
Dec 2, 2015
Accepted (ET)
Dec 11, 2015 · 12:30 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001308027
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Director Stock Option (Right to Buy)F1 | $0.03 | Dec 2, 2015 | A | 500,000 | A | — | Dec 2, 2025 | Common Stock | 500,000 | 500,000 | D |
Explanation of responses
- F1The option is exercisable in equal installments of 25,000 shares at the end of each financial quarter (the "Vesting Date"), beginning on December 31, 2015, for a period of five years, ending on September 30, 2020, provided that the continuous service of Mr. Meggs as a member of the Issuer's Board of Directors continues through and on the applicable Vesting Date.