SEC Form 4 · accession 0001140361-15-007794
22nd Century Group, Inc. · XXII
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Thomas L. James
Officer — VP, General Counsel & Sec'y.
Period of report
Feb 16, 2015
Accepted (ET)
Feb 18, 2015 · 4:17 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001347858
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | holding | — | — | — | 100,000 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (right to buy)F2 | $0.96 | Feb 16, 2015 | A | 197,568 | A | Feb 16, 2016 | Feb 16, 2025 | Common Stock | 198 | 197,568 | D |
| Options to Purchase Common StockF1 | $2.61 | holding | — | — | — | — | May 27, 2024 | Common Stock | 300,000 | 300,000 | D |
Explanation of responses
- F1Fifty thousand (50,000) of the options vest immediately and the remaining options vest as follows: one hundred thousand (100,000) on each of May 1, 2015 and May 1, 2016, and fifty thousand (50,000) on May 1, 2017.
- F2Options Vest 100% on the first anniversary of the date of grant.