SEC Form 4 · accession 0001615774-16-005223
InspireMD, Inc. · NSPR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Isaac Blech
Director
Period of report
May 3, 2016
Accepted (ET)
May 5, 2016 · 8:52 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001433607
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Options to purchase Common StockF1 | $0.50 | May 3, 2016 | A | 780,000 | A | — | May 3, 2026 | Common Stock | 780,000 | 780,000 | D |
Explanation of responses
- F1195,000 options are fully vested as of the date of the grant and the remaining 585,000 options shall vest and become exercisable in three separate installments of 195,000 shares, with a single installment vesting upon the occurrence of any of the events below: (i) The date the issuer raises $15,000,000 or more in an offering of the issuer's shares of common stock or other equity interests. (ii) The date the issuer's market capitalization equals or exceeds $25,000,000. (iii) The date the issuer receives research coverage from 3 analysts at investment banks that ranked in the top 20 investment banks in terms of underwritings as of their most recently completed fiscal year and that did not cover the issuer prior to January 22, 2016. (iv) The date the issuer's market capitalization equals or exceeds 3 times the issuer's market capitalization as of January 22, 2016.