SEC Form 4 · accession 0001415889-16-006415
MetaStat, Inc. · MTST
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Daniel H Schneiderman
Officer — VP OF FINANCE AND SECRETARY
Period of report
Jul 7, 2016
Accepted (ET)
Jul 8, 2016 · 9:00 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Options to purchase Common StockF1 | $2.00 | Jul 7, 2016 | A | 120,000 | A | — | Jul 7, 2026 | Common Stock | 120,000 | 120,000 | D |
Explanation of responses
- F120,000 shares vest immediately and 40,000 shares vest 1/36 per month thereafter. In addition, (i) 20,000 shares vest upon the first product launch; (ii) 10,000 shares vest upon the development of MenaINV assay; (iii) 10,000 shares vest upon completion of two institutional deals; (iv) 10,000 shares vest upon achieving $25M in product sales; and (v) 10,000 shares vest upon achieving $100M in market capitalization.