SEC Form 4 · accession 0001445866-16-001665
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
Feb 28, 2016
Accepted (ET)
Mar 3, 2016 · 10:53 am 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 | Feb 28, 2016 | P | 100,000 | $0.09 | A | 418,710 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Pursuant to Mr. Vecchiarelli's Employment Agreement, Mr. Vecchiarelli may elect to use 50% of his annual bonus to purchase common stock of the Company at a 50% discount. The purchase price is calculated as 50% of the average closing price of the preceding 10 trading days (calculated for this purchase to be $0.09 per share).