SEC Form 4 · accession 0001213900-15-001775
Vape Holdings, Inc. · VAPE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kyle J Tracey
Officer — Chief Executive Officer · Director · 10% Owner
Period of report
Mar 12, 2015
Accepted (ET)
Mar 13, 2015 · 8:20 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001455819
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F4 | Mar 12, 2015 | A | 97,898 | $0.61 | A | 824,636 | D | |
| Common StockF2,F4 | Mar 12, 2015 | A | 30,000 | $0.61 | A | 854,636 | D | |
| Common StockF3,F4 | Mar 12, 2015 | A | 100,000 | $0.61 | A | 954,636 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On March12, 2015, Mr. Kyle Tracey was issued 97,898 shares of restricted common stock of Vape Holdings, Inc. (the "Company") as payment of accrued but unpaid salary of $59,717.85 owed through December 31, 2014.
- F2On March 12, 2015, Mr. Tracey was issued 30,000 shares of restricted common stock of the Company pursuant to a year-end bonus stock grant authorized by the Board of Directors (the "Board").
- F3On March 12, 2015, Mr. Tracey was issued 100,000 shares of restricted common stock of the Company pursuant to a Board Compensation Plan adopted by the Company. Pursuant to the Plan, directors of the Company will be granted 400,000 shares of restricted common stock per year, which shares vest quarterly, to compensate directors for their services to the Company. The stock grant will be authorized at the beginning of each fiscal year and the shares will vest on the last day of each fiscal quarter that the director continues in their position on the Board. The 100,000 shares issued to Mr. Tracey are for services rendered as director for Q1 of this fiscal year.
- F4All of the above issuances to Mr. Tracey were valued at $0.61, the fair market value of the Company's common stock on the date of grant.