SEC Form 4 · accession 0001615774-16-006281
Electronic Cigarettes International Group, Ltd. · ECIG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David Karp
Director
Period of report
Jun 30, 2016
Accepted (ET)
Jul 8, 2016 · 4:39 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001398702
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock, par value $0.001 per shareF1 | Jun 30, 2016 | A | 62,500 | $0.00 | A | 252,023 | D |
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)F3,F2 | $0.75 | Jun 30, 2016 | D | 200,000 | D | — | Mar 27, 2025 | Common Stock | 200,000 | 0 | D |
| Employee Stock Option (right to buy)F3,F4 | $0.16 | Jun 30, 2016 | A | 200,000 | A | — | Jun 29, 2026 | Common Stock | 200,000 | 200,000 | D |
| Employee Stock Option (right to buy)F1,F5 | $0.16 | Jun 30, 2016 | A | 400,000 | A | — | Jun 29, 2026 | Common Stock | 200,000 | 600,000 | D |
Explanation of responses
- F1The reporting person received these securities as compensation in connection with his service as a member of the board of directors of the issuer.
- F2The option, which had a grant date of March 28, 2015, vested in three equal tranches: one-third on the grant date, one-third twelve months after the grant date, and one-third twenty four months after the grant date.
- F3On June 30, 2016, the issuer canceled an option for 200,000 shares of its common stock granted to the reporting person on January 9, 2015. In exchange, the reporting person received a replacement option for 200,000 shares, having an exercise price of $0.16 per share.
- F4The option, which has a grant date of June 30, 2016, vests in two tranches: two-thirds on the grant date, and one-third on March 28, 2017.
- F5The option, which has a grant date of June 30, 2016, vests in three equal tranches: one-third on the grant date, one-third twelve months after the grant date, and one-third twenty four months after the grant date.