SEC Form 4 · accession 0001144204-15-072789
POSITIVEID Corp · PSID
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jeffrey S Cobb
Director
Period of report
Dec 22, 2015
Accepted (ET)
Dec 24, 2015 · 1:03 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Options (Right to Buy)F1,F3,F2 | $0.0207 | Dec 22, 2015 | A | 3,000,000 | A | Dec 31, 2016 | Dec 22, 2020 | Common Stock | 3,000,000 | 3,037,750 | D |
| Series I Convertible Preferred StockF1,F3,F2 | $0.0207 | Dec 22, 2015 | A | 25 | A | Jan 1, 2018 | — | Common Stock | 1,207,729 | 138 | D |
Explanation of responses
- F1On December 22, 2015, PositiveID Corporation granted to Mr. Cobb (i) 3,000,000 options to purchase Company common stock with an exercise price of $0.0207 which vest on December 31, 2016, as equity compensation for 2016; (ii) 25 shares of Series I Convertible Preferred Stock ("Series I") with a stated value of $1,000 per share, on a cashless basis, and convertible into 1,207,729 shares of common stock, par value of $0.01, at $0.0207 per share which will vest on January 1, 2018, also as equity compensation for 2016.
- F2The stock option will expire on December 22, 2020 and the Series I have no expiration date.
- F3Mr. Cobb as of December 22, 2015, owns (i) 574,800 shares of common stock and 3,037,750 options to purchase shares of common stock, 37,750 of which are fully vested; (ii) 138 shares of Series I, convertible into 5,480,358 shares of common stock, each holding 25 votes per share for a total of 137,008,939 votes.