SEC Form 4 · accession 0001437749-16-033735
Accelerize Inc. · ACLZ
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Santi Pierini
Officer — Chief Operating Officer
Period of report
Jun 9, 2016
Accepted (ET)
Jun 13, 2016 · 4:09 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001352952
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (right to buy)F2,F1 | $1.50 | May 9, 2014 | D | 650,000 | D | — | Mar 13, 2024 | Common Stock | 650,000 | 0 | D |
| Warrant to purchase Common StockF4,F3 | $1.33 | Dec 12, 2014 | D | 1,650,000 | D | — | Dec 12, 2019 | Common Stock | 1,650,000 | 0 | D |
| Warrant to purchase Common StockF2,F4,F5 | $0.50 | Jun 9, 2016 | A | 2,000,000 | A | — | Jun 9, 2021 | Common Stock | 2,000,000 | 2,000,000 | D |
Explanation of responses
- F1The option provided for vesting in 9 equal quarterly installments commencing on January 1, 2015.
- F2The option was cancelled by mutual agreement of the reporting person and Accelerize Inc. In exchange, the reporting person entered into a new warrant for 2,000,000 shares having an exercise price of $0.50 per share.
- F3The warrant provided for vesting in twelve equal quarterly installments commencing on January 1, 2015.
- F4The warrant was cancelled by mutual agreement of the reporting person and Accelerize Inc. In exchange, the reporting person entered into a new warrant for 2,000,000 shares having an exercise price of $0.50 per share.
- F525% of the shares issuable upon exercise of the warrant vested on June 9, 2016. The warrant vests thereafter in twelve equal quarterly installments commencing on October 1, 2016.