SEC Form 4 · accession 0001422224-15-000019
KUSTOM ENTERTAINMENT, INC. · KUST
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Thomas J Heckman
Officer — CFO, Treasurer & Secretary
Period of report
Oct 30, 2015
Accepted (ET)
Nov 3, 2015 · 10:58 am EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001342958
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common stockF1 | Oct 30, 2015 | M | 50,000 | $0.00 | A | 177,341 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On October 30, 2015, the Reporting Person was granted 50,000 shares of restricted common stock under the Digital Ally, Inc. 2015 Stock Option and Restricted Stock Plan. Such restricted shares vest on a 4-year graduated schedule as follows: 5,000 shares on October 30, 2016, 10,000 shares on October 30, 2017, 15,000 shares on October 30, 2018 and 20,000 shares on October 30, 2019. Vesting is contingent upon the Reporting Person serving as an employee at such points in time.