SEC Form 4 · accession 0001144204-15-003352
Staffing 360 Solutions, Inc. · STAF
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jeff R. Mitchell
Officer — Chief Financial Officer
Period of report
Mar 17, 2014
Accepted (ET)
Jan 22, 2015 · 6:56 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001499717
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock, $0.00001 par value per shareF1 | Mar 17, 2014 | A | 50,000 | — | A | 50,000 | D | |
| Common Stock, $0.00001 par value per shareF2 | Jul 17, 2014 | P$0 | 10,000 | — | A | 60,000 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Options Pursuant to Employment AgreementF3 | $2.00 | Jun 1, 2014 | A | 30,000 | A | Jun 1, 2014 | May 31, 2024 | Option | 30,000 | 30,000 | D |
| Options Pursuant to Employment AgreementF3 | $1.00 | Jun 1, 2014 | A | 120,000 | A | Mar 17, 2015 | May 31, 2024 | Option | 120,000 | 120,000 | D |
Explanation of responses
- F1These shares are awarded as part of an Employment Agreement.
- F2These shares were issued as additional consideration in connection with the issuance of a promissory note.
- F3These option were awarded on 06/01/14 as part of the Company's stock option plan. They vest as follows: i) 30,000 of the options vest immediately at an exercise price of $2.00 (see Row #1), and ii) 30,000 options vest each anniversary until an additional 120,000 options have vested at an exercise price of $1.00 (see Row #2). Each of the options are exercisable for a term of 10 years from the initial transaction date (ie: 06/01/2014)