SEC Form 4 · accession 0001144204-15-014178
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 2, 2015
Accepted (ET)
Mar 5, 2015 · 12:18 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001499717
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| OptionsF1 | $1.00 | Mar 2, 2015 | A | 100,000 | A | Mar 2, 2015 | Mar 2, 2025 | Options | 100,000 | 220,000 | D |
Explanation of responses
- F1These options were awarded as part of the Company's stock option plan. They vest as follows: 20% vest immediately upon issuance, 20% on the first year anniversary from the transaction date, 20% vest on the second year anniversary and so forth until all options have vested. Each of the options are exercisable for a term of 10 years from the initial transaction date.