SEC Form 4 · accession 0001144204-15-031732
POSITIVEID Corp · PSID
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
William J Caragol
Officer — Chairman and CEO · Director · 10% Owner
Period of report
May 13, 2015
Accepted (ET)
May 15, 2015 · 5:00 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001347022
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | May 13, 2015 | G | 18,500 | $0.00 | D | 2,233,416 | D |
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 StockF2,F4,F3 | $0.036 | May 13, 2015 | G | 50 | D | Jan 1, 2017 | — | Common Stock | 1,523,592 | 806 | D |
Explanation of responses
- F1On May 13, 2015, Mr. Caragol gifted 18,500 shares of common stock to the Caragol Family Irrevocable Trust.
- F2On May 13, 2015, Mr. Caragol gifted 50 shares of Series I Convertible Preferred Stock ("Series I") to the Caragol Family Irrevocable Trust. The Series I gifted by Mr. Caragol has a stated value of $1,000 per share and are convertible as of May 13, 2015 into 1,523,592 shares of common stock, par value of $0.01, at $0.036 per share. The Series I will vest on January 1, 2017.
- F3No expiration date.
- F4After the gift, Mr. Caragol owns a total of 806 shares of the Company's Convertible Series I Preferred Stock, convertible as of May 13, 2015 into 31,385,850 shares of common stock.