SEC Form 4 · accession 0001186532-16-000002
COPsync, Inc. · COYN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Ronald A Woessner
Officer — Chief Financial Officer · Director
Period of report
Aug 29, 2016
Accepted (ET)
Aug 31, 2016 · 8:11 pm EDT
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Option to Purchase Common Stock of COPsync, Inc.F1 | $4.50 | Aug 27, 2010 | D | 40,000 | D | Dec 1, 2010 | Aug 26, 2020 | Common Stock | 40,000 | 180,106 | D |
| Option to Purchase Common Stock of COPsync, Inc.F1 | $2.22 | Aug 29, 2016 | A | 40,000 | A | Aug 29, 2016 | Aug 26, 2020 | Common Stock | 40,000 | 220,106 | D |
Explanation of responses
- F1The transaction reported herein reflects a repricing of options (the "Repricing") that was approved by COPsync, Inc. stockholders on July 28, 2016. The stock options were originally granted to the reporting person on August 27, 2010. As a result of the Repricing, such options now have a lower exercise price; other than the reduced exercise price, there have been no other changes in the terms of such options. However, under Section 16 of the Securities Exchange Act of 1934 and the rules thereunder, a reduction in the exercise price of any option is treated as effectively canceling the old option and granting a new option as of the effective date of the repricing (i.e., August 29, 2016), and thus is being reported accordingly in this Form 4.