SEC Form 4 · accession 0001213900-19-001229
Hypersolar, Inc. · HYSR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Timothy Alan Young
Officer — CEO and Acting CFO · Director
Period of report
Jan 23, 2019
Accepted (ET)
Jan 25, 2019 · 4:16 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001481028
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (right to buy)F1,F2 | $0.0099 | Jan 23, 2019 | A | 150,000,000 | A | — | Jan 23, 2029 | Common Stock | 150,000,000 | 150,000,000 | D |
Explanation of responses
- F1On January 23, 2019, Mr. Young was granted an option (the "Option") to purchase 150,000,000 shares of common stock, par value $0.001 per share, of Hypersolar, Inc. (the "Company") at a strike price of $0.0099 per share. The Option was granted pursuant to the Company's 2019 Equity Incentive Plan and expires on January 23, 2029.
- F2One-third (1/3) of the Option vests immediately on January 23, 2019 (the "Date of Grant"). The remainder of the Option shall vest one-twenty fourth (1/24) per month from months 01 through 24 after the Date of Grant.