SEC Form 4 · accession 0001144204-15-014180
Staffing 360 Solutions, Inc. · STAF
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Nicholas Florio
Director
Period of report
Mar 2, 2015
Accepted (ET)
Mar 5, 2015 · 12:19 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,F2 | Mar 3, 2015 | A | 12,500 | — | A | 102,083 | I | Footnote |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| OptionsF3 | $1.00 | Mar 2, 2015 | A | 25,000 | A | Mar 2, 2015 | Mar 2, 2025 | Options | 25,000 | 25,000 | D |
Explanation of responses
- F1These shares were issued to Citrin Cooperman & Co., LLP ("CC") for Board of Director and Committee services by the reporting person.
- F2The reporting person is a partner of CC. The listed amount of securities beneficially owned by the reporting person reflects the reporting person's ownership percentage in CC. The reporting person disclaims beneficial ownership of the securities held by CC, except to the extent of his pecuniary interest therein.
- F3These 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.