SEC Form 4 · accession 0001213900-15-007695
INTELLIGENT PROTECTION MANAGEMENT CORP. · IPM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Alexander Harrington
Officer — CEO and CFO · Director
Period of report
Oct 13, 2015
Accepted (ET)
Oct 15, 2015 · 10:38 am EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001355839
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 Option (Right to Buy)F1 | $0.29 | Oct 13, 2015 | D | 1,000,000 | D | — | Feb 28, 2024 | Common Stock | 1,000,000 | 0 | D |
| Stock Option (Right to Buy)F2 | $0.08 | Oct 13, 2015 | A | 1,000,000 | A | — | Oct 13, 2025 | Common Stock | 1,000,000 | 1,000,000 | D |
| Stock Option (Right to Buy)F3 | $0.08 | Oct 13, 2015 | A | 2,000,000 | A | — | Oct 13, 2025 | Common Stock | 2,000,000 | 2,000,000 | D |
Explanation of responses
- F1Represents the cancellation of a stock option on October 13, 2015 pursuant to a cancellation agreement. The cancelled stock option was granted on February 28, 2014. Under this stock option, 20% of the shares of common stock underlying the stock option would have vested and become exercisable on each anniversary of the date of grant, beginning on the first anniversary of the date of grant; provided that 50% of any unvested shares of common stock would have vested immediately on the date of a "change in control" as defined in the Amended and Restated Snap Interactive, Inc. 2011 Long-Term Incentive Plan and the remaining 50% would have vested on the earlier of (i) the original date such awards would have vested or (ii) on the first anniversary of the effective date of the change in control. The reporting person received a new stock option representing the right to purchase 1,000,000 shares of common stock as consideration for the cancellation as disclosed herein.
- F2This stock option was granted on October 13, 2015. Under this stock option, 20% of the shares of common stock underlying the stock option vested on the date of grant and 20% of the shares of common stock underlying the stock option vest on each of February 28, 2016, February 28, 2017, February 28, 2018 and February 28, 2019; provided that 50% of any unvested shares of common stock will vest immediately on the date of a change in control and the remaining 50% will vest on the earlier of (i) the original date such awards would have vested or (ii) on the first anniversary of the effective date of the change in control.
- F3This stock option was granted on October 13, 2015. Under this stock option, 25% of the shares of common stock underlying the stock option vest on each anniversary of the date of grant, beginning with the first anniversary of the date of grant; provided that 50% of any unvested shares of common stock will vest immediately on the date of a change in control and the remaining 50% will vest on the earlier of (i) the original date such awards would have vested or (ii) on the first anniversary of the effective date of the change in control.