SEC Form 4 · accession 0001065949-19-000004
Beam Global · BEEM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Peter Warner Davidson
Director
Period of report
Dec 31, 2016
Accepted (ET)
Jan 16, 2019 · 1:14 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001398805
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Restricted Common StockF2,F3,F1,F5 | Dec 31, 2016 | A | 41,667 | — | A | 1,562,499 | D | |
| Common StockF4,F5 | Mar 27, 2018 | A | 250,000 | — | A | 1,562,499 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Issued subject to vesting for services rendered and to be rendered.
- F2Reflects the first 60 days of scheduled vesting under the new restricted stock grant award agreement, which commenced on December 31, 2016.
- F3Effective as of December 31, 2016, Mr. Davidson agreed to terminate his rights to 625,000 unvested restricted shares of the Company's common stock under the original agreement in consideration for which the Company granted to Mr. Davidson 750,000 restricted shares of the Company's common stock, vesting 1/36 per month over a 36 month period commencing on the date of grant, issuable quarterly on the last day of each calendar quarter so long as Mr. Davidson serves as a director, employee, consultant or officer of the Company at the time of scheduled vesting. The Company will also grant an additional 750,000 restricted shares of the Company's common stock to Mr. Davidson to vest in the future from time to time, based on Mr. Davidson achieving certain performance criteria to be agreed upon by the Board of Directors after discussion with senior management at a future date. During the 23 months ended November 30, 2018, 479,167 shares of common stock vested under this agreement.
- F4On March 27, 2018, the Company issued an additional 250,000 shares of common stock to Mr. Davidson as a fully vested stock grant bonus award for performance.
- F5Includes 60 days of scheduled vesting after November 30, 2018.