SEC Form 4 · accession 0001144204-15-012980
Vuzix Corp · VUZI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Paul J Travers
Officer — President and CEO · Director · 10% Owner
Period of report
Feb 25, 2015
Accepted (ET)
Feb 27, 2015 · 7:57 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001463972
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Feb 25, 2015 | C | 698,029 | $2.25 | A | 2,544,212 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| WarrantsF2 | $2.25 | Feb 25, 2015 | C | 809,655 | D | Aug 5, 2013 | Aug 5, 2018 | Common Stock | 809,655 | 0 | D |
Explanation of responses
- F1Mr. Travers exercised 809,655 warrants on a cashless basis for 698,029 shares of common stock.
- F2In August 2013, Mr. Travers converted accrued compensation and accrued interest thereon owed to him into 809,655 shares of common stock and warrants to purchase 809,655 shares of common stock at an exercise price of $2.25 per share valued at $2.00 per unit, comprising one share of common stock and one warrant to purchase a share of common stock.