SEC Form 4 · accession 0001437749-15-018134
Stablecoin Development Corp · SDEV
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Thomas J Paulson
Officer — CFO
Period of report
Oct 6, 2015
Accepted (ET)
Oct 6, 2015 · 7:13 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001389545
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitF3,F4 | Oct 5, 2015 | A | 50,000 | $0.00 | A | 142,196 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Option (right to buy)F1,F5,F2 | $0.27 | Oct 5, 2015 | A | 150,000 | A | Oct 5, 2016 | Oct 5, 2025 | common stock | 150,000 | 869,675 | D |
Explanation of responses
- F1Options granted pursuant to 2007 Omnibus Incentive Plan
- F225% will vest on the first anniversary of the Grant Date. 6.25% will vest every three months thereafter.
- F3100% vests on the one-year anniversary of the grant date, subject to continued employment.
- F4RSUs issued from the 2007 Omnibus Incentive Plan
- F5Options granted pursuant to NovaBay's Annual Employee Equity Refresh Program.