SEC Form 4 · accession 0001185185-17-000151
COPsync, Inc. · COYN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Lawrence G Schafran
Director
Period of report
Jan 20, 2017
Accepted (ET)
Jan 26, 2017 · 8:49 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001383154
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 Options | $0.57 | Jan 20, 2017 | A | 20,000 | A | Jan 20, 2018 | Jan 19, 2027 | Common Stock | 20,000 | 20,000 | D |
Remarks
On January 20, 2017, concurrent with Mr. Schafran's appointment to the Board of Directors of COPsync, Inc. (the "Company"), Mr. Schafran was granted options (the "Options") to purchase 20,000 shares of Company common stock. The options were granted in accordance with the Company's 2009 Long-Term Incentive Plan, as amended, and pursuant to Rule 16b-3(d). The Options are subject to a three-year vesting period, with 33% vesting on the first anniversary of the date of grant and the remainder vesting ratably over the next eight quarters.