SEC Form 4 · accession 0001615774-19-000526
Gopher Protocol Inc. · GOPH
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Douglas Landers Davis
Officer — CEO
Period of report
Jan 1, 2019
Accepted (ET)
Jan 11, 2019 · 4:00 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001471781
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| COMMON STOCK, $0.00001 PAR VALUE | holding | — | — | — | 300,000 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock OptionsF1 | $2,000,000.00 | Jan 1, 2019 | A | 2,000,000 | A | Jan 1, 2019 | Jan 1, 2024 | Common Stock | 2,000,000 | 2,000,000 | D |
Explanation of responses
- F1Upon execution of the Amended and Restated Employment Agreement, Mr. Davis stock options to be earned and vested (i) with respect to 2,000,000 shares of common stock on the date hereof, (ii) 500,000 shares of common stock upon the successful dual list of the Company on an international exchange such as SIX Zurich Stock Exchange or Euronext, (iii) 1,500,000 shares of common stock upon the successful up listing to a national exchange such as the Nasdaq, NYSE Euronext, TSX, AMEX or other, and (iv) with respect to 500,000 shares of common stock at each of the six (6) month anniversaries (July 1, 2019 and January 1, 2020). The exercise price of such options shall be the closing price of the Company on the date prior to such event.