SEC Form 4 · accession 0001144204-15-002256
POSITIVEID Corp · PSID
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jeffrey S Cobb
Director
Period of report
Jan 12, 2015
Accepted (ET)
Jan 14, 2015 · 4:45 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001347022
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Series I Convertible Preferred StockF1,F3,F2 | $0.027 | Jan 12, 2015 | A | 50 | A | Jan 1, 2017 | — | Common Stock | 1,851,852 | 113 | D |
Explanation of responses
- F1On January 12, 2015, PositiveID Corporation granted to Mr. Cobb 50 shares of Series I Convertible Preferred Stock ("Series I") as a component of his compensation for 2015. The Series I granted to Mr. Cobb has a stated value of $1,000 per share and are convertible into 1,851,852 shares of common stock, par value of $0.01, at $0.027 per share. The Series I will vest on January 1, 2017.
- F2No expiration date.
- F3Mr. Cobb as of January 12, 2015, owns (i) 574,800 shares of common stock and 37,750 options to purchase shares of common stock, all of which are vested; (ii) 113 shares of Series I which is convertible into 4,050,759 shares of common stock.