SEC Form 4 · accession 0001144204-16-074873
POSITIVEID Corp · PSID
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Lyle L Probst
Officer — President
Period of report
Jan 7, 2016
Accepted (ET)
Jan 8, 2016 · 4:06 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 | $0.0204 | Jan 7, 2016 | A | 15,000,000 | A | — | — | Common Stock | 15,000,000 | 15,025,000 | D |
Explanation of responses
- F1On January 7, 2016, PositiveID Corporation granted to Mr. Probst 15,000,000 options to purchase Company common stock with an exercise price of $0.204 which vest; (i) 5,100,000 on January 1, 2017; (ii) 4,950,000 on January 1, 2018; (iii) 4,950,000 on January 1, 2019, as long-term equity compensation.
- F2These options expire on January 7, 2021.
- F3As of January 8, 2016, Mr. Probst owns a total of 15,025,000 stock options, including 25,000 fully vested options, which constitute part of his beneficial ownership in the Company.