SEC Form 4 · accession 0001415889-15-002157
MetaStat, Inc. · MTST
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Oscar Bronsther
Director
Period of report
Jun 18, 2015
Accepted (ET)
Jun 22, 2015 · 4:30 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001404943
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Options | $0.55 | Jun 18, 2015 | P | 400,000 | A | Jun 18, 2015 | Jun 18, 2025 | Common Stock | 400,000 | 400,000 | D |
| Stock OptionF1 | $0.55 | Jun 18, 2015 | P | 150,000 | A | — | Jun 18, 2025 | Common Stock | 150,000 | 150,000 | D |
Explanation of responses
- F1Stock options vest as follows: (i) 50,000 shares underlying such options shall vest upon the closing of $1 million investment by retail investors, introduced by the reporting person, in the next round of financing; (ii) 50,000 shares underlying such options shall vest upon securing delivery of tumor cohort(s) for the purposes of conducting clinical analytical or validation studies; and (iii) 50,000 shares underlying such options shall vest upon expansion of the Scientific Advisory Board to include new Key Opinion Leaders subject to approval by the CEO.