SEC Form 4 · accession 0001441557-15-000024
PSM HOLDINGS INC · PSMH
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Samuel B. Morelli
Other
Period of report
Jun 4, 2015
Accepted (ET)
Jun 4, 2015 · 3:06 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001362180
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | holding | — | — | — | 318,263 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| OptionsF2 | $0.206 | Jun 4, 2015 | A | 350,000 | A | Jun 1, 2015 | Jun 1, 2019 | Common Stock | 350,000 | 475,000 | D |
| OptionsF1 | $0.25 | holding | — | — | — | Nov 4, 2014 | Nov 3, 2013 | Common Stock | 125,000 | 125,000 | D |
Explanation of responses
- F11/3 of options shall vest on the first anniversary of grant date; 1/3 exercisable on second anniversary of the grant date; remaining 1/3 exercisable third anniversary of the grant date.
- F2The options are subject to the following vesting requirements: one-third shall vest on May 29, 2016; one-third shall vest on May 29, 2017; and the remaining one-third shall vest on May 29, 2018.