SEC Form 4 · accession 0000905718-15-000103
CIG WIRELESS CORP. · CIGW
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Grant Barber
Director
Period of report
Jan 21, 2015
Accepted (ET)
Jan 23, 2015 · 8:10 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001432754
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2,F3 | Jan 21, 2015 | D | 2,546 | — | D | 186,414 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On February 27, 2014, CIG Wireless Corp. (the "Company") issued Mr. Grant Barber, a member of the Company's board of directors, 166,856 shares of the Company's restricted common stock, par value $0.00001 ("Restricted Stock") pursuant to the Company's 2014 Equity Incentive Plan (the "2014 Plan"). The Company's Restricted Stock is subject to the vesting and other provisions set forth in the award agreement (the "Award Agreement") pursuant to which such shares of Restricted Stock were issued to Mr. Barber.
- F2A copy of the 2014 Plan was filed as Exhibit 10.56 to the Company's Registration Statement on Form S-8 filed with the U.S. Securities and Exchange Commission (the "SEC") on February 25, 2014, and a copy of the Award Agreement was filed as Exhibit 10.61 to the Company's Current Report on Form 8-K that was filed with the SEC on March 5, 2014, describing the 2014 Plan. Pursuant to the Award Agreement, in the event that the Company issues certain securities, Mr. Barber is entitled to receive additional shares of Restricted Stock for anti-dilution purposes.
- F3Effective as of January 21, 2015, the Company and Mr. Barber agreed to and acknowledged the cancellation and disposition to the Company of 2,546 shares of Restricted Stock held by Mr. Barber. The 2,546 shares of Restricted Stock held by Mr. Barber were canceled and disposed of to the Company for no value, as approved by the Company's board of directors. The cancellation was effected to correct the overstated calculation of previous issuances in respect of the anti-dilution protection described above.