SEC Form 4 · accession 0001437749-17-010787
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
Jun 2, 2017
Accepted (ET)
Jun 6, 2017 · 5:34 pm EDT
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,F3 | $2.35 | Jun 2, 2017 | A | 250,000 | A | Jan 31, 2017 | Jun 2, 2027 | common stock | 250,000 | 250,000 | D |
Explanation of responses
- F1Granted pursuant to the 2017 Omnibus Incentive Plan
- F2Granted pursuant to the employment agreement signed between Company and Executive on June 2, 2017.
- F3One-fourth (1/4) of the shares subject to the Option will vest on January 31, 2018, in direct proportion to the percentage achievement of the stated 2017 corporate goals, as approved and determined by the Board. The remaining three-fourths (3/4) of the shares subject to the Option shall vest in equal parts on January 31, 2019, January 31, 2020 and January 31, 2021, in direct proportion to the percentage achievement of the stated corporate goals for the previous fiscal year of such date. The Option will be fully vested and exercisable on January 31, 2021, subject to Mr. Sieczkarek continuing to be an employee (or otherwise providing services to the Company) through the relevant vesting dates.