SEC Form 4 · accession 0001387131-16-005847
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
Jun 13, 2016
Accepted (ET)
Jun 17, 2016 · 10:35 am EDT
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 shareF1 | Jun 13, 2016 | A | 1,615,044 | — | A | 3,539,137 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The 1,615,044 shares of Common Stock acquired by the reporting person represent (a) 115,044 shares awarded pursuant to a one-time grant under the issuer's Global Share Incentive Plan (2010) and (b) 1,500,000 shares awarded pursuant to a stock award under the issuer's Global Share and Options Incentive Enhancement Plan (2014) (the "2014 Incentive Plan"). The stock award under the 2014 Incentive Plan was granted on February 24, 2015 for 3,600,000 shares of Common Stock and vests in quarterly installments. As of the date of this report, 1,500,000 of such shares have vested and been issued and 2,100,000 of such shares remain to be vested and/or issued. The 2,100,000 shares that have not yet vested and/or been issued are not included in the number of securities beneficially owned in Table I, Column 5 of this report.