SEC Form 4 · accession 0001127602-17-003689
Happen, Inc. · HAPN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Lawrence Henry Summers
Director
Period of report
Jan 31, 2017
Accepted (ET)
Feb 2, 2017 · 5:29 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001409970
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Jan 31, 2017 | M | 333,108 | $0.695 | A | 818,143 | D | |
| Common Stock | holding | — | — | — | 2,500 | I | By Stepdaughter | |
| Common StockF2 | holding | — | — | — | 176,098 | I | By LHS 2016 Qualified Annuity Trust LC |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (right to buy)F3 | $0.695 | Jan 31, 2017 | M | 333,108 | D | — | Dec 13, 2022 | Common Stock | 333,108 | 0 | D |
Explanation of responses
- F1Includes 65,275 shares that transferred from LHS 2015 Qualified Annuity Trust #1L to the reporting person as of October 20, 2016.
- F2Shares held of record by Lawrence H. Summers, Trustee of LHS 2016 Qualified Annuity Trust LC. On September 22, 2016, the reporting person contributed 164,381 shares previously held by the LHS 2014 Qualified Annuity Trust#1 to the LHS 2016 Qualified Annuity Trust LC. On September 26, 2016 the reporting person contributed 11,717 shares to LHS 2016 Qualified Annuity Trust LC.
- F3The options are fully vested and no longer outstanding.