SEC Form 4 · accession 0001493152-18-005100
Blink Charging Co. · BLNK
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Ira Feintuch
Officer — Chief Operating Officer
Period of report
Apr 9, 2018
Accepted (ET)
Apr 12, 2018 · 6:19 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001429764
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Warrants to purchase Common StockF1,F2 | $4.25 | Apr 9, 2018 | A | 34,974 | A | Apr 9, 2018 | Apr 9, 2023 | Common Stock | 34,974 | 34,974 | D |
Explanation of responses
- F134,974 warrants to purchase shares of Common Stock were issued to Mr. Feintuch as payment of (a) $43,555 owed to Mr. Feintuch which represents 25% of the accrued commissions on hardware sales and revenue from charging stations for the period of November 2015 through March 2017 owed to Mr. Feintuch pursuant to the compensation agreement between the Company and Mr. Feintuch, dated June 16, 2017 (the "Compensation Agreement") and; (b) $15,902 owed to Mr. Feintuch which represents 25% of the accrued commissions on hardware sales and revenue from charging stations for the period of April 2017 through February 13, 2018 owed to Mr. Feintuch pursuant to an oral agreement between the Company and Mr. Feintuch.
- F2This oral agreement was reached pursuant to Section 3(B) of the Compensation Agreement. The total amount of $59,457 owed to Mr. Feintuch was divided by $3.40, a 20% discount to the public offering price of $4.25 per unit, which is equal to 17,487 units of one share of common stock and two warrants each to purchase one share of common stock. The 17,487 shares of common stock were previously issued to Mr. Feintuch, as reported on a Form 4 filed by Mr. Feintuch on March 26, 2018.