SEC Form 4 · accession 0001144204-17-019473
TECHPRECISION CORP · TPCS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Richard McGowan
Director
Period of report
Apr 4, 2017
Accepted (ET)
Apr 6, 2017 · 5:34 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001328792
Table I — non-derivative securities
No Table I lines on this filing.
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)F1,F2 | $0.74 | Apr 4, 2017 | A | 50,000 | A | — | Apr 4, 2027 | Common Stock | 50,000 | 50,000 | D |
Explanation of responses
- F1The options were granted pursuant to the Company's 2016 Equity Incentive Plan.
- F2The options shall vest in four installments: 20,000 shares immediately on the date of the grant, 10,000 on the last day of the second quarter of fiscal 2018, 10,000 on the last day of the third quarter of fiscal 2018 and 10,000 on the earlier to occur of the last day of the fourth quarter of fiscal 2018 or the date of the company's next annual stockholder meeting.