SEC Form 3 · accession 0001052918-15-000154
Ambient Water Corp · AWGI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jeff R. Mitchell
Director · 10% Owner
Period of report
Mar 26, 2015
Accepted (ET)
Apr 24, 2015 · 6:25 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001394872
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common stockF1 | holding | — | — | — | 4,178,946 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Common Stock OptionsF2 | $0.11 | holding | — | — | — | — | Jul 22, 2023 | Common stock | 750,000 | — | D |
| Common Stock OptionsF3 | $0.18 | holding | — | — | — | — | Jul 10, 2022 | Common stock | 13,742,000 | — | D |
Explanation of responses
- F1Jeff R. Mitchell, formerly the Company's Chief Financial Officer and Secretary, has been issued 4,178,946 common stock shares as part of his compensation as follows: 826,446 common stock shares on 1/14/2014 and 3,352,500 common stock shares on March 26, 2014.
- F2On July 22, 2013, the board of directors authorized the issuance of 750,000 common stock options to Jeff R. Mitchell, formerly the Company's Chief Financial Officer and Secretary. These common stock options have an exercise price of $0.11 per share. On July 22, 2014, twenty-five percent (25%) of the options vested. Thereafter, the options vest at six and a quarter percent (6.25%) each quarter or 46,875 option shares quarterly. Vesting quarters are October 22, January 22, April 22 and July 22. The common stock options have a ten (10) year exercise term. At April 24, 2015, a total of 10,276,063 option shares had vested.
- F3On July 10, 2012, the board of directors authorized the grant of 14,947,000 common stock options to Jeff R. Mitchell, formerly the Company's Chief Financial Officer and Secretary. These common stock options have an exercise price of $0.18 per share. On July 10, 2012, twenty-five (25%) percent of these options vested. Thereafter, the options vest at six and a quarter percent (6.25%) each quarter or 934,188 options shares quarterly. Vesting quarters are October 10, January 10, April 10 and July 10. The common stock options have a ten (10) year exercise term. At April 24, 2015, a total of 10,276,063 options shares had vested.