SEC Form 4 · accession 0001065949-15-000163
CrowdGather, Inc. · CRWG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Sanjay Sabnani
Officer — CEO, President and Secretary · Director · 10% Owner
Period of report
Jun 19, 2015
Accepted (ET)
Jun 22, 2015 · 7:31 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001328670
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Jun 19, 2015 | P | 10,100 | $0.0467 | A | 492,045 | I | Owned by Sabnani IRA, owned by Reporting Person |
| Common Stock | Jun 19, 2015 | P | 31,120 | $0.0466 | A | 523,165 | I | Owned by Sabnani IRA, owned by Reporting Person |
| Common Stock | Jun 19, 2015 | P | 37,132 | $0.04 | A | 560,297 | I | Owned by Sabnani IRA, owned by Reporting Person |
| Common Stock | holding | — | — | — | 34,998 | D | ||
| Common StockF1 | holding | — | — | — | 250,000 | D | ||
| Common Stock | holding | — | — | — | 16,210,550 | I | Onwed by Typhoon Consultants, LLC, owned by Reporting Person | |
| Common Stock | holding | — | — | — | 900,000 | I | Owned by Sabnani Children Income Trust; Reporting Person's spouse is trustee |
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 | $1.49 | holding | — | — | — | Dec 20, 2008 | Jun 20, 2018 | Common Stock | 400,000 | 400,000 | D |
| Stock Option (Right to Buy)F2 | $1.16 | holding | — | — | — | Sep 21, 2011 | Mar 21, 2021 | Common Stock | 200,000 | 600,000 | D |
| Stock Option (Right to Buy)F2 | $0.044 | holding | — | — | — | Nov 30, 2013 | May 31, 2023 | Common Stock | 500,000 | 1,100,000 | D |
Explanation of responses
- F1Restricted stock granted pursuant to 2008 Stock Option and Award Plan. Pursuant to the terms of the Plan, the shares will vest in equal amount of 25% of the total amount per year beginning on October 2, 2014.
- F2Reporting Person's right to receive Stock Options vest over a four year period, with the first one-eighth of the total Stock Options vesting on the six month anniversary of the grant date, one-sixteenth of the total Stock Options vesting every 90 days after that six month anniversary date (the date indicated above as the exercise date).