SEC Form 4 · accession 0001638599-16-001290
RANGE IMPACT, INC. · RNGE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Avtar S Dhillon
Director · 10% Owner
Period of report
Jul 15, 2016
Accepted (ET)
Aug 17, 2016 · 4:05 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001438943
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Option Award (right to buy)F1 | $2.10 | May 21, 2015 | A | 40,000 | A | — | May 21, 2025 | common stock | 40,000 | 90,000 | D |
| Restricted Stock Unit AwardF2,F3 | $0.00 | Jul 15, 2016 | A | 925,585 | A | — | — | common stock | 925,585 | 1,015,585 | D |
Explanation of responses
- F1Of the 40,000 options granted on May 21, 2015, 10,000 vested on each of November 21, 2015 and May 21, 2016 and 100,000 will vest on each of November 21, 2016, and May 21, 2017
- F2Each Restricted Stock Unit (RSU) represents the right to receive, at settlement, one share of common stock. This transaction represents the issuance of RSUs, rather than the issuance of shares in common stock, which will occur on their scheduled vesting date
- F3Of the 925,585 of the RSUs, 462,793 will vest on March 1, 2017, and 462,792 will vest on March 1, 2018. The RSU will vest immediately upon a corporate change of control, or if the individual is terminated for any reason other than a "For Cause" termination