SEC Form 4 · accession 0001144204-16-104524
XWELL, Inc. · XWEL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Salvatore Giardina
Director
Period of report
May 19, 2016
Accepted (ET)
May 24, 2016 · 4:40 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001410428
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 OptionF2,F1 | $1.72 | May 19, 2016 | A | 60,000 | A | — | May 19, 2026 | Common Stock | 60,000 | 60,000 | D |
Explanation of responses
- F1These options to purchase shares of common stock of the Issuer vest in equal quarterly installments over a one-year period, with the first one-fourth vesting on June 30, 2016.
- F2These securities were issued as part of the Issuer's compensation to non-employee directors. Options to purchase 50,000 shares of common stock were issued in consideration for the Reporting Person's becoming a member of the Issuer's Board of Directors. Options to purchase 10,000 shares of common stock were issued in consideration for the Reporting Person's becoming the Chairman of the Issuer's Audit Committee of the Board of Directors.