SEC Form 4 · accession 0001213900-16-015385
INTELLIGENT PROTECTION MANAGEMENT CORP. · IPM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Steven R. Fox
Director
Period of report
Jun 8, 2016
Accepted (ET)
Jul 29, 2016 · 4:06 pm 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 | $0.16 | Jun 8, 2016 | A | 100,000 | A | May 22, 2017 | Jun 7, 2026 | Common Stock | 100,000 | 100,000 | D |
Explanation of responses
- F1The stock option was granted pursuant to a stock option agreement dated June 8, 2016 (the "Option Agreement"). The shares underlying this stock option will vest and become exercisable in three equal installments on May 22, 2017, May 22, 2018, and May 22, 2019, 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 Snap Interactive, Inc. 2016 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 on the date of the change in control in equal installments, in each case subject to the terms and conditions of the Option Agreement.