SEC Form 4 · accession 0001213900-17-007045
Ecoark Holdings, Inc. · ZEST
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jay M. Puchir
Officer — Chief Executive Officer
Period of report
Jun 28, 2017
Accepted (ET)
Jun 30, 2017 · 4:43 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001437491
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | Jun 28, 2017 | A | 300,000 | $0.00 | A | 524,096 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1In connection with the reporting person's appointment as the issuer's chief executive officer on March 28, 2017, the Board of Directors of the issuer (the "Board") delegated to its compensation committee (the "Committee") the authority to grant an equity award to the reporting person covering 300,000 shares of the issuer's common stock, par value $.0001 per share, as either restricted shares, options or another form of grant following Board and stockholder approval of a new equity incentive plan in 2017.
- F2The Ecoark Holdings, Inc. 2017 Omnibus Incentive Plan (the "Plan") was approved by the Board on April 21, 2017 and by stockholders on June 13, 2017 at the annual meeting of stockholders. On June 28, 2017, the Committee granted 300,000 time-based vesting restricted stock units (RSUs) to the reporting person pursuant to the Plan. Subject to the reporting person's continued employment, the RSUs will vest in equal quarterly installments on the fifteenth day of the first month of each fiscal quarter of the issuer (beginning October 15, 2017) until fully vested. The final vesting will occur on July 15, 2020.