SEC Form 4 · accession 0001387131-17-000017
BLUE SPHERE CORP. · BLSP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Yigal Brosh
Director · Other
Period of report
Dec 30, 2016
Accepted (ET)
Jan 3, 2017 · 4:49 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 | Dec 30, 2016 | A | 175,000 | — | A | 420,833 | D | |
| Common Stock, par value $0.001 per shareF2 | Dec 30, 2016 | A | 300,000 | — | A | 720,833 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock AwardF3 | — | Dec 30, 2016 | D | 175,000 | A | — | — | Common Stock, par value $0.001 per share | 175,000 | 29,167 | D |
Explanation of responses
- F1The 175,000 shares of Common Stock acquired by the reporting person represent 175,000 shares awarded pursuant to a stock award under the Issuer's Global Share and Options Incentive Enhancement Plan (2014) (the "2014 Incentive Plan") which vested during 2016. The stock award under the 2014 Incentive Plan was granted on February 24, 2015 for 350,000 shares of Common Stock and vests in quarterly installments. As of the date of this report, 320,833 of such shares have been issued and 29,167 of such shares have not vested and have not been issued. The 29,167 shares that have not yet vested and not been issued are not included in the number of securities beneficially owned in Table I, Column 5 of this report.
- F2The 300,000 shares of Common Stock acquired by the reporting person represent 300,000 shares granted as a special award to the reporting person by the Issuer's board of directors on December 30, 2016.
- F3The stock award under the 2014 Incentive Plan was granted on February 24, 2015 for 350,000 shares of Common Stock and vests in quarterly installments. As of the date of this report, 320,833 of such shares have been issued and 29,167 of such shares have not vested and have not been issued.