SEC Form 4 · accession 0001144204-19-007151
XWELL, Inc. · XWEL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Doug Satzman
Officer — Chief Executive Officer · Director
Period of report
Feb 11, 2019
Accepted (ET)
Feb 13, 2019 · 4:11 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001410428
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Feb 11, 2019 | A | 750,000 | $0.00 | A | 750,000 | D |
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)F2 | $0.21 | Feb 11, 2019 | A | 1,500,000 | A | — | Feb 11, 2029 | Common Stock | 1,500,000 | 1,500,000 | D |
Explanation of responses
- F1Represents 750,000 shares of restricted stock which vest in in full and become non-forfeitable on February 10, 2020, subject to the Reporting Person's continued service through the applicable vesting date.
- F2The shares underlying this option vest in substantially equal installments on each of the first four anniversaries of the grant date, such that the options will be fully vested as of February 11, 2023, subject to the Reporting Person's continued service through the applicable vesting date.