SEC Form 4 · accession 0001213900-16-011379
INTELLIGENT PROTECTION MANAGEMENT CORP. · IPM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Judy Krandel
Director
Period of report
Mar 3, 2016
Accepted (ET)
Mar 7, 2016 · 4:26 pm EST
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 | $0.11 | Mar 3, 2016 | A | 100,000 | A | Mar 3, 2017 | Mar 2, 2026 | Common Stock | 100,000 | 100,000 | D |
Explanation of responses
- F1The stock option was granted pursuant to a stock option agreement dated March 3, 2016 (the "Option Agreement"). The shares underlying this stock option will vest and become exercisable in three equal annual installments on the first, second and third anniversaries of the date of grant as long as the reporting person is providing services to Snap Interactive, Inc. on such date; provided, that upon the effective date of a "change in control" (as defined in the Amended and Restated Snap Interactive, Inc. 2011 Long-Term Incentive Plan), 50% of the then-unvested shares immediately will vest on the date of the change in control and the remaining 50% of the then-unvested shares will vest on the earlier of (i) the original date such shares would have vested or (ii) the first and second anniversaries of the date of the change in control in equal installments, in each case subject to the terms and conditions of the Option Agreement.