SEC Form 4 · accession 0001495231-16-000093
IZEA Worldwide, Inc. · IZEA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Lindsay A Gardner
Director
Period of report
May 16, 2016
Accepted (ET)
May 18, 2016 · 6:37 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001495231
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | May 16, 2016 | M | 3,261 | $0.00 | A | 68,179 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF3,F1 | $0.00 | May 16, 2016 | A | 3,261 | A | — | — | Common Stock | 3,261 | 3,261 | D |
| Restricted Stock UnitsF2,F1,F3 | $0.00 | May 16, 2016 | M | 3,261 | D | — | — | Common Stock | 3,261 | 0 | D |
Explanation of responses
- F1Each Restricted Stock Unit represents a right to receive at settlement one share of Issuer common stock.
- F2This transaction represents the settlement of Restricted Stock Units in shares of Issuer common stock.
- F3Restricted Stock Units ("RSU") received for director fees valued at $18,750 based on the closing market price of $5.75 on the grant date, vesting as to 362 shares on May 16, 2016 and 362 shares on the last day of each month from May 31, 2016 through November 30, 2016 and the final vesting of 365 shares on December 31, 2016. The Issuer shares of common stock underlying the RSU were issued on the grant date, but are restricted by the vesting period of the RSU. In the event the Reporting Person no longer serves as a director at each vesting date, any unvested shares will be forfeited to the Issuer. The RSU has no expiration date.