SEC Form 4 · accession 0001019687-16-005028
Kartoon Studios, Inc. · TOON
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael D Handelman
Officer — Chief Financial Officer
Period of report
Feb 3, 2016
Accepted (ET)
Feb 4, 2016 · 4:59 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001355848
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 OptionsF1,F2 | $2.00 | Feb 3, 2016 | A | 110,000 | A | — | Feb 3, 2026 | Common Stock | 110,000 | 110,000 | D |
Explanation of responses
- F1The stock options have the following exercise prices: $2.00 for options that vest on the first anniversary of the grant date, $3.00 for options that vest on the second anniversary of the grant date and $4.00 for options that vest on the third anniversary of the grant date.
- F2The stock options shall vest over a three-year period as follows: options to purchase 27,500 shares shall vest on the first anniversary of the grant date, options to purchase 55,000 shares shall vest on the second anniversary of the grant date and options to purchase 27,500 shares shall vest on the third anniversary of the grant date.