SEC Form 3 · accession 0001213900-17-013563
LiveOne, Inc. · LVO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jerome N. Gold
Officer — CFO and EVP
Period of report
Dec 21, 2017
Accepted (ET)
Dec 21, 2017 · 8:58 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001491419
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock, $0.001 par valueF1 | holding | — | — | — | 105,000 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (Right to Buy)F2,F3 | $1.65 | holding | — | — | — | — | Sep 1, 2027 | Common Stock | 333,334 | — | D |
| Stock Option (Right to Buy)F4,F5 | $4.00 | holding | — | — | — | — | Dec 24, 2027 | Common Stock | 333,334 | — | D |
Explanation of responses
- F1Includes 100,000 shares that vest in 24 equal tranches of 4,166 shares at the end of each month following April 12, 2017, provided that the last tranche shall equal 4,182 shares.
- F2These options vest in increments, with the first tranche of one-twelfth of the options vesting three months from September 1, 2017 (the "Grant Date"), with an additional one-twelfth of the options vesting every third month thereafter over a period of three years, unless vested sooner in accordance with the Reporting Person's employment agreement. Each portion of the options shall become exercisable on the earlier of (i) one year after the date such portion shall vest, (ii) the second anniversary of the Grant Date, or (iii) the earliest date vested equity awards become exercisable or transferable for similarly situated executives of the Issuer, unless such portion becomes exercisable sooner in accordance with the Reporting Person's employment agreement.
- F3These options expire 10 years from the Grant Date, unless terminated sooner in accordance with the Issuer's 2016 Equity Incentive Plan (the "2016 Plan") or the Reporting Person's employment agreement.
- F4These options vest in increments, with the first tranche of one-twelfth of the options vesting three months from December 14, 2017 (the "Second Grant Date"), with an additional one-twelfth of the options vesting every third month thereafter over a period of three years, unless vested sooner in accordance with the Reporting Person's employment agreement. Each portion of the options shall become exercisable on the earlier of (i) one year after the date such portion shall vest, (ii) the second anniversary of the Second Grant Date, or (iii) the earliest date vested equity awards become exercisable or transferable for similarly situated executives of the Issuer, unless such portion becomes exercisable sooner in accordance with the Reporting Person's employment agreement.
- F5These options expire 10 years from the Second Grant Date, unless terminated sooner in accordance with the 2016 Plan or the Reporting Person's employment agreement.