SEC Form 4 · accession 0001615774-16-006275
Electronic Cigarettes International Group, Ltd. · ECIG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Daniel James O'Neill
Officer — CEO and Executive Chairman · Director
Period of report
Jun 30, 2016
Accepted (ET)
Jul 8, 2016 · 4:34 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001398702
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (right to buy)F1 | $0.709 | Jun 30, 2016 | D | 2,000,000 | D | Jan 9, 2015 | Jan 8, 2025 | Common Stock | 2,000,000 | 17,614,141 | D |
| Employee Stock Option (right to buy)F2 | $0.75 | Jun 30, 2016 | D | 8,177,050 | D | Mar 28, 2015 | Mar 27, 2025 | Common Stock | 8,177,050 | 9,437,091 | D |
| Employee Stock Option (right to buy)F3 | $0.38 | Jun 30, 2016 | D | 3,150,000 | D | Apr 13, 2015 | Apr 12, 2025 | Common Stock | 3,150,000 | 6,287,091 | D |
| Employee Stock Option (right to buy)F4 | $0.3799 | Jun 30, 2016 | D | 6,287,091 | D | Apr 27, 2015 | Apr 26, 2025 | Common Stock | 6,287,091 | 0 | D |
| Employee Stock Option (right to buy)F1,F2,F3,F4 | $0.16 | Jun 30, 2016 | A | 19,614,141 | A | Jun 30, 2016 | Jun 29, 2026 | Common Stock | 19,614,141 | 19,614,141 | D |
| Employee Stock Option (right to buy)F5 | $0.16 | Jun 30, 2016 | A | 13,518,144 | A | Jun 30, 2016 | Jun 29, 2026 | Common Stock | 19,614,141 | 33,132,285 | D |
Explanation of responses
- F1On June 30, 2016, the issuer canceled an option for 2,000,000 shares of its common stock granted to the reporting person on January 9, 2015. In exchange, the reporting person received a replacement option for 2,000,000 shares, having an exercise price of $0.16 per share.
- F2On June 30, 2016, the issuer canceled an option for 8,177,050 shares of its common stock granted to the reporting person on March 28, 2015. In exchange, the reporting person received a replacement option for 8,177,050 shares, having an exercise price of $0.16 per share.
- F3On June 30, 2016, the issuer canceled an option for 3,150,000 shares of its common stock granted to the reporting person on April 13, 2015. In exchange, the reporting person received a replacement option for 3,150,000 shares, having an exercise price of $0.16 per share.
- F4On June 30, 2016, the issuer canceled an option for 6,287,091 shares of its common stock granted to the reporting person on April 27, 2015. In exchange, the reporting person received a replacement option for 6,287,091 shares, having an exercise price of $0.16 per share.
- F5The reporting person received these securities as compensation in connection with his employment by the issuer.