SEC Form 4/A · accession 0001493152-16-014556
Plastic2Oil, Inc. · PTOI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
This is an amendment (Form 4/A). It replaces an earlier filing for the same period.
Reporting owner
Banerjea S Rahoul
Officer — Chief Financial Officer
Period of report
Oct 25, 2016
Accepted (ET)
Nov 7, 2016 · 10:56 am EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001381105
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Incentive Stock Options | $0.17 | Oct 25, 2016 | A | 2,250,000 | A | Oct 25, 2016 | Oct 25, 2023 | Common Stock | 2,250,000 | 2,250,000 | D |
| Incentive Stock OptionsF1 | $0.05 | Oct 25, 2016 | A | 3,000,000 | A | — | — | Common Stock | 3,000,000 | 5,250,000 | D |
Explanation of responses
- F1The options are subject to a vesting schedule whereby 1,000,000 options will vest on each of March 18, 2017, March 18, 2018 and March 18, 2019. The term of the options is the lesser of (a) ten (10) years, measured from the date immediately preceding the date on which the options were granted, or (b) seven (7) years from the applicable date of vesting.
Remarks
This Form 4 amends and restates an erroneous Form 4 filed on October 31, 2016 that identified the Reporting Person as "Plastic2Oil, Inc."