SEC Form 4 · accession 0001477932-15-007280
MULTIMEDIA PLATFORMS INC. · MMPW
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
C Lawrence Rutstein
Director
Period of report
Nov 18, 2015
Accepted (ET)
Nov 20, 2015 · 5:53 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001424328
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| WarrantsF1 | $0.50 | Nov 18, 2015 | A | 1,750,000 | A | — | — | Common Stock, par value $0.001 per share | 1,750,000 | 4,816,666 | D |
Explanation of responses
- F1The 1,750,000 shares subject to the warrant granted to Mr. Rutstein in consideration for his services as a member of the Company's board of directors become exercisable with respect to one-third (1/3) of the total shares subject to the warrant (approximately 583,333 shares of common stock) on each of the following dates (i) the date of issuance, (ii) first anniversary of the date of issuance, and (iii) the second anniversary of the date of issuance. If at any time while there are shares subject to the warrant that are outstanding the Company is sold to a third party, whether through a stock sale or a sale of substantially all of its assets or in one or more transactions, all shares subject to the warrant fully vest and become exercisable. The warrant terminates on the fourth (4th) anniversary of the applicable vesting date with respect to each tranche of shares subject to the warrant that vest as described above.