SEC Form 4 · accession 0001144204-15-072779
POSITIVEID Corp · PSID
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
William J Caragol
Officer — Chairman and CEO · Director
Period of report
Dec 22, 2015
Accepted (ET)
Dec 24, 2015 · 1:00 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 | $0.0207 | Dec 22, 2015 | A | 150 | A | Jan 1, 2018 | — | Common Stock | 7,246,377 | 956 | D |
Explanation of responses
- F1On December 22, 2015, PositiveID Corporation granted to Mr. Caragol 150 shares of Series I Convertible Preferred Stock ("Series I"), on a cashless basis, as incentive compensation for 2016. The Series I granted to Mr. Caragol has a stated value of $1,000 per share and are convertible into 7,246,377 shares of common stock, par value of $0.01, at $0.0207 per share. The Series I will vest on January 1, 2018.
- F2No expiration date.
- F3As of December 22, 2015, Mr. Caragol owns a total of 956 shares of Series I, convertible into 39,711,421 shares of common stock, each holding 25 votes per share for a total of 992,785,528 votes. These shares constitute the majority of his beneficial ownership in the Company.