SEC Form 4 · accession 0001493152-17-007231
QUANTUM MATERIALS CORP. · QTMM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Stephen Squires
Officer — CEO · Director · 10% Owner
Period of report
Jun 26, 2017
Accepted (ET)
Jun 27, 2017 · 8:19 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001403570
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Common Stock OptionsF1,F2,F3 | $0.12 | Jun 26, 2017 | A | 25,000,000 | A | Jul 1, 2017 | Jun 26, 2022 | Common Stock | 25,000,000 | 45,031,250 | D |
Explanation of responses
- F1Does not include 1,537,500 options owned by Mr. Squire's wife.
- F2Mr. Squires was granted five-year options to purchase 15,000,000 shares of common stock, exercisable at $.12 per share, with one-third vesting on July 1, 2017, one-third vesting on July 1, 2018 and one-third vesting on July 1, 2019. These options are granted outside of any stock option plan and shall contain cashless exercise provisions.
- F3Mr. Squires was granted an additional 10,000,000 five-year options, exercisable at $.12 per share, with vesting to occur only in the event that the outstanding shares of the Company's common stock reaches a market cap of at least $100 million for at least five consecutive trading days or control of the Company is sold during the term of the options based upon a purchase price paid to the Company and/or its shareholders of at least $90 million. These options are granted outside of any stock option plan and shall contain cashless exercise provisions