SEC Form 4 · accession 0001387131-16-004351
BLUE SPHERE CORP. · BLSP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Shlomo Palas
Officer — CEO and President · Director
Period of report
Feb 24, 2016
Accepted (ET)
Feb 26, 2016 · 1:59 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001419582
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock, par value $0.001 per share | Feb 24, 2016 | P | 100,000 | $0.0684 | A | 3,660,624 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock AwardF1 | — | Feb 24, 2015 | A | 2,250,000 | A | — | — | Common stock, par value $0.001 per share | 2,250,000 | 2,250,000 | D |
| Incentive Stock Options (Right to Buy)F2 | $0.5763 | Apr 30, 2013 | A | 230,088 | A | — | Apr 30, 2018 | Common stock, par value $0.001 per share | 230,088 | 230,088 | D |
| Incentive Stock Options (Right to Buy)F2 | $0.14 | Feb 24, 2015 | A | 900,000 | A | — | Feb 24, 2020 | Common stock, par value $0.001 per share | 900,000 | 900,000 | D |
Explanation of responses
- F1The stock award granted on February 24, 2015 was for 3,600,000 shares of common stock in eight quarterly installments. As of the date of this report, 1,350,000 shares of common stock have been granted pursuant to the stock award and are included in the number of securities beneficially owned in Table I, Column 5 of this report.
- F2As of the date of this report, the stock options granted on April 30, 2013 and February 24, 2015 are exercisable.