SEC Form 4 · accession 0001209191-17-041872
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
Sep 6, 2013
Accepted (ET)
Jun 26, 2017 · 7:02 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 Stock | Nov 30, 2016 | M | 300,000 | $0.05 | A | 2,874,799 | D | |
| Common Stock | Nov 30, 2016 | F | 94,340 | $0.15 | D | 2,780,459 | D | |
| Common Stock | Dec 30, 2016 | P | 140,000 | $0.05 | A | 2,920,459 | D | |
| Common Stock | Jun 22, 2017 | P | 20,000 | $0.10 | A | 2,940,459 | D | |
| Common Stock | Jun 22, 2017 | P | 5,000 | $0.095 | A | 2,945,459 | D | |
| Common Stock | Jun 23, 2017 | P | 5,000 | $0.10 | A | 2,950,459 | D | |
| Common Stock | Jun 23, 2017 | P | 5,000 | $0.105 | A | 2,955,459 | D | |
| Common StockF1 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 10% Convertible Note due 2018F3 | $0.05 | Sep 6, 2013 | J | 40,315 | A | Sep 6, 2018 | Sep 6, 2018 | Common Stock | 806,301 | — | D |
| Common Stock Warrant (Right to Buy) | $0.05 | Jul 31, 2014 | J | 66,531 | A | Jul 31, 2014 | Jul 31, 2024 | Common Stock | 66,531 | 66,531 | D |
| Employee Stock Option (right to buy) | $0.05 | Jan 1, 2015 | A | 300,000 | A | Jan 1, 2015 | Jan 1, 2025 | Common Stock | 300,000 | 300,000 | D |
| Common Stock Warrant (Right to Buy)F5 | $0.05 | Sep 29, 2015 | G | 173,077 | D | — | Dec 31, 2023 | Common Stock | 173,077 | 0 | D |
| Common Stock Warrant (Right to Buy)F6,F5 | $0.05 | Sep 29, 2015 | G | 173,077 | D | — | Dec 31, 2015 | Common Stock | 173,077 | 0 | D |
| Common Stock Warrant (Right to Buy) | $0.05 | Dec 15, 2015 | G | 416,667 | D | Mar 7, 2014 | Mar 7, 2016 | Common Stock | 416,667 | 0 | D |
| Common Stock Warrant (Right to Buy)F8 | $0.07 | Jan 5, 2016 | J | 745,664 | A | — | Jan 5, 2026 | Common Stock | 745,664 | 745,664 | D |
| Common Stock Warrant (Right to Buy) | $0.07 | Jan 5, 2016 | J | 750,000 | A | Jan 5, 2016 | Jan 5, 2026 | Common Stock | 750,000 | 750,000 | D |
| Common Stock Warrant (Right to Buy)F5 | $0.05 | May 14, 2016 | G | 28,615 | D | — | Jun 17, 2023 | Common Stock | 28,615 | 0 | D |
| Employee Stock Option (right to buy)F11 | $0.05 | Nov 30, 2016 | M | 300,000 | D | — | Dec 31, 2025 | Common Stock | 300,000 | 0 | D |
Explanation of responses
- F1Held by Royal Bank of Canada Custodian FBO William R. Doyle RLVR IRA.
- F10The securities were issued to Mr. Doyle as payment of a bonus.
- F11The stock option is exercisable immediately.
- F2The convertible promissory note was issued to Mr. Doyle in exchange for his foregoing $40,769.92 of salary due to Mr. Doyle.
- F3Conversion of the note is mandatory at maturity of the note.
- F4The securities were issued to Mr. Doyle in exchange for his foregoing $7,318.41 of salary due to Mr. Doyle.
- F5The warrant is exercisable immediately.
- F6The shares underlying the warrant were previously erroneously reported as 171,900.
- F7The securities were issued to Mr. Doyle in exchange for his foregoing $50,000 of salary due to Mr. Doyle.
- F81/12th of the principal amount of the note is convertible each month after the date of grant.
- F9The warrant was issued to Mr. Doyle to replace certain warrants that he previously gifted.