SEC Form 4 · accession 0001387131-16-008654
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
Dec 20, 2016
Accepted (ET)
Dec 21, 2016 · 4:08 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 shareF1,F2 | Dec 20, 2016 | A | 950,000 | — | A | 4,315,491 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The 950,000 shares of Common Stock acquired by the reporting person represent 950,000 shares issuable pursuant to Mr. Palas' Service Agreement with Blue Sphere Corporation, dated November 15, 2015, which vested on the one-year anniversary.
- F2Mr. Palas received a stock award pursuant to the Company's 2014 Incentive Plan on February 24, 2015 for 3,600,000 shares of Common Stock, which vests in quarterly installments. As of the date of this report, 1,500,000 of such shares have vested and been issued, 1,350,000 shares have vested but have not yet been issued, and 750,000 shares remain to be vested. 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.