SEC Form 4 · accession 0001495231-17-000063
IZEA Worldwide, Inc. · IZEA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Edward H Murphy
Officer — President and CEO · Director
Period of report
Jun 21, 2017
Accepted (ET)
Jun 26, 2017 · 5:03 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001495231
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Option (Right to Buy)F1 | $4.20 | Jun 21, 2017 | A | 14,249 | A | Jun 30, 2017 | Mar 31, 2027 | Common Stock | 14,249 | 498,736 | D |
| Option (Right to Buy)F2 | $2.75 | Jun 21, 2017 | A | 11,887 | A | Jun 30, 2017 | May 12, 2027 | Common Stock | 11,887 | 510,623 | D |
Explanation of responses
- F1On April 3, 2017, this option grant was approved for issuance to Mr. Murphy for the fair value of his fourth quarter 2016 bonus and his annual 2016 bonus in accordance with the terms of his employment agreement using the closing market price on March 31, 2017, which was $4.20 per share. The issuance of this option was subject to the stockholders approving an increase in the number of option shares in the Company's 2011 Equity Incentive Plan on or before June 30, 2017. The stockholders approved a 500,000 share increase in the Company's 2011 Equity Incentive Plan on June 21, 2017. This option vests as to 891 shares on June 30,2017 and then in equal monthly installments of approximately 297 shares over the remaining 45 months.
- F2On May 12, 2017, this option grant was approved for issuance to Mr. Murphy for the fair value of his first quarter 2017 bonus in accordance with the terms of his employment agreement using the closing market price on May 12, 2017, which was $2.75. The issuance of this option was subject to the stockholders approving an increase in the number of option shares in the Company's 2011 Equity Incentive Plan on or before June 30, 2017. The stockholders approved a 500,000 share increase in the Company's 2011 Equity Incentive Plan on June 21, 2017. This option vests as to 248 shares on June 30, 2017 and then in equal monthly installments of approximately 248 shares over the remaining 47 months.