SEC Form 4 · accession 0001493152-18-014098
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
Mar 22, 2018
Accepted (ET)
Oct 4, 2018 · 5:10 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001429764
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 | Mar 27, 2018 | A | 70,548 | — | A | 194,535 | D | |
| Common Stock, par value $0.001 per shareF5 | Sep 26, 2018 | A | 39,185 | — | A | 233,720 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Series C Preferred Stock, $0.001 par value per shareF1 | — | Mar 27, 2018 | C | 1,842 | D | — | — | Common Stock | 70,548 | 0 | D |
| Series A Preferred Stock, $0.001 par value per shareF2 | — | Mar 22, 2018 | C | 1,000,000 | D | — | — | Common Stock | 500,000 | 0 | D |
| Options to purchase Common StockF3 | $30.00 | Jun 16, 2017 | A | 7,000 | A | — | — | Common Stock | 7,000 | 7,000 | D |
| Options to purchase Common StockF4 | $37.50 | Jun 16, 2017 | A | 9,600 | A | — | — | Common Stock | 9,600 | 9,600 | D |
Explanation of responses
- F1As previously reported on his Form 3 filed on March 14, 2018, Mr. Feintuch owned 1,842 shares of Series C Convertible Preferred Stock (the "Series C Preferred"). These 1,842 shares and an additional 72 shares of Series C Preferred owed to Mr. Feintuch, but never issued to him, were converted into 70,548 restricted shares of Common Stock on March 27, 2018 based on the following formula: the number of Series C shares held by Mr. Feintuch (i) multiplied by a factor of 115, (ii) divided by $3.12 (the conversion price of the Series D Preferred Stock issued to JMJ Financial on February 16, 2018).
- F2On June 23, 2017, the Company and Mr. Feintuch entered into a letter agreement with the Company whereby they agreed that, upon the Company's implementation of the Reverse Stock Split, a total of 2,500,000 shares of Common Stock issuable upon conversion of the Series A Preferred Shares prior to the signing of the letter agreement to Mr. Feintuch will be reduced to 200,000 shares of Common Stock. The Reverse Stock Split was implemented on August 29, 2017. On December 7, 2017 Mr. Feintuch signed a letter agreement pursuant to which, upon the closing of this offering, his Series A Preferred Shares will automatically convert into 50,000 shares of Common Stock. As previously reported on his Form 4 filed on March 26, 2018, Mr. Feintuch was issued the 50,000 shares of Common Stock on March 22, 2018.
- F3Mr. Feintuch is owed options for 7,000 shares of Common Stock at an exercise price of $30.00 per share pursuant to his Compensation Agreement by and between the Company and Mr. Feintuch, dated June 16, 2017. These options, when issued, will be fully vested and expire five years from the date of issuance.
- F4Mr. Feintuch is owed options for 9,600 shares of Common Stock at an exercise price of $37.50 per share pursuant to his Compensation Agreement by and between the Company and Mr. Feintuch, dated June 16, 2017. These options, when issued, will be fully vested and expire five years from the date of issuance.
- F5Mr. Feintuch received shares of restricted stock granted under the Blink Charging Co. 2018 Incentive Compensation Plan.