SEC Form 4 · accession 0001493152-17-004188
Gold Torrent, Inc. · GTOR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Daniel J Kunz
Officer — CEO · Director · 10% Owner
Period of report
Apr 7, 2017
Accepted (ET)
Apr 19, 2017 · 8:31 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001463792
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Restricted Stock | Apr 7, 2017 | A | 1,350,000 | $0.50 | A | 3,536,184 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (Right to Buy)F1,F2 | $0.55 | Apr 7, 2017 | A | 400,000 | A | — | Apr 7, 2022 | Common Stock | 400,000 | 400,000 | D |
Explanation of responses
- F1Options were priced at $0.50. Optionee has a 10% increase consistent with option plan required.
- F2This option to purchase common stock vests in three (3) annual installments of 66,666, 66,667 and 66,667. The first installment vests on the date of grant, the second installment vests on April 7, 2018, and the third installment vests on April 7, 2019.