SEC Form 4 · accession 0001213900-18-005017
LiveOne, Inc. · LVO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Craig L Foster
Director
Period of report
Apr 24, 2018
Accepted (ET)
Apr 27, 2018 · 6:01 am EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001491419
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (Right to Buy)F1,F2 | $4.00 | Apr 24, 2018 | A | 25,000 | A | — | Apr 24, 2028 | Common Stock | 25,000 | 25,000 | D |
Explanation of responses
- F1These options were granted pursuant to that certain Stock Option Agreement entered into by and between the Issuer and the Reporting Person, dated as of April 24, 2018 (the "Option Agreement"). These options vest in increments, with one-half of the options vesting 12 months from April 24, 2018 (the "Grant Date"), with an additional one-half of the options vesting 24 months after the Grant Date, subject to the Reporting Person's continued service as a member of the Issuer's board of directors on such vesting date. Each tranche of the options shall become exercisable on the 18th month anniversary of the Grant Date.
- F2These 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 Option Agreement.