SEC Form 4 · accession 0001437749-17-001161
Stablecoin Development Corp · SDEV
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Mark M Sieczkarek
Officer — CEO · Director
Period of report
Jan 25, 2017
Accepted (ET)
Jan 26, 2017 · 6:35 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001389545
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 option (right to buy)F1,F2 | $3.60 | Jan 25, 2017 | A | 238,609 | A | Jan 31, 2017 | Jan 25, 2027 | Common Stock | 238,609 | 936,857 | D |
Explanation of responses
- F1Granted pursuant to the 2007 Omnibus Incentive Plan
- F2Granted pursuant to the employment agreement signed between Company and Executive on May 26, 2016: Executive shall be entitled to a stock option grant equal to six percent (6%) of the aggregate number of shares issued pursuant to the Company's warrant exercises in the 2016 calendar year. Such grant shall be approved and granted by the Board at the first Board meeting in January 2017. The grant shall completely vest on January 31, 2017 in direct proportion to the percentage achievement of the stated 2016 corporate goals, as approved and determined by the Board of Directors.