SEC Form 4 · accession 0001445866-15-001333
Galaxy Gaming, Inc. · GLXZ
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Gary Anthony Vecchiarelli
Officer — Chief Financial Officer
Period of report
Nov 14, 2015
Accepted (ET)
Nov 18, 2015 · 5:23 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000013156
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Nov 14, 2015 | A | 150,000 | $0.00 | A | 318,710 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock option(Right to buy)F2 | $0.20 | Nov 14, 2015 | A | 150,000 | A | — | Nov 14, 2020 | Common Stock | 150,000 | 150,000 | D |
Explanation of responses
- F1Shares were granted pursuant to an employment agreement between Issuer and Reporting Person, and contain certain restrictions as set forth therein.
- F2The option vests as follows: (A) 25,000 shares, June 30, 2016 (B) 25,000 shares, Dec 31, 2016 (C) 25,000 shares, June 30, 2017 (D) 25,000 shares, Dec 31, 2017 (E) 25,000 shares, June 30, 2018