SEC Form 4 · accession 0001209191-16-139247
Vystar Corp · VYST
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Keith D. Osborn
Director · 10% Owner
Period of report
Jan 15, 2016
Accepted (ET)
Aug 31, 2016 · 1:09 pm EDT
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 15, 2016 | X | 416,667 | $0.03 | A | 5,848,609 | I | By Sound Investment Partners, LLC |
| Common StockF1 | May 16, 2016 | P | 1,000,000 | $0.05 | A | 6,848,609 | I | By Sound Investment Partners, LLC |
| Common Stock | holding | — | — | — | 2,525,000 | I | By 401(k) plan | |
| Common Stock | holding | — | — | — | 155,000 | I | As custodian for minor child | |
| Common Stock | holding | — | — | — | 4,209,000 | D | ||
| Common StockF2 | holding | — | — | — | 200,000 | I | By Trust |
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)F1 | $0.03 | Dec 15, 2015 | G | 416,667 | A | Mar 7, 2014 | Mar 7, 2016 | Common Stock | 416,667 | 416,667 | I |
| Common Stock Warrant (Right to Buy)F1 | $0.03 | Jan 15, 2016 | X | 416,667 | D | Mar 7, 2014 | Mar 7, 2016 | Common Stock | 416,667 | 0 | I |
| Director Stock Option (Right to Buy)F3 | $0.05 | May 18, 2016 | A | 500,000 | A | — | May 18, 2026 | Common Stock | 500,000 | 500,000 | D |
Explanation of responses
- F1The securities are held by Sound Investment Partners, LLC. The reporting person is the Manager of Sound Investment Partners, LLC.
- F2The shares are held by the Keith D. Osborn 1991 life insurance trust, for which the reporting person's spouse is the sole trustee.
- F325,000 of the options shall vest and become exercisable quarterly commencing on June 30, 2016, and continuing for each fiscal quarter thereafter for so long as the reporting person remains in the continuous service of the issuer as a director.