SEC Form 4 · accession 0001493152-19-000383
Digipath, Inc. · DIGP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Cindy Sue Orser
Director
Period of report
Jan 7, 2019
Accepted (ET)
Jan 9, 2019 · 5:08 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001502966
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (Right to buy)F1 | $0.13 | Jan 7, 2019 | A | 500,000 | A | — | Jan 7, 2029 | Common Stock | 500,000 | 500,000 | D |
| Stock Option (Right to buy)F2 | $0.40 | Jan 7, 2019 | D | 200,000 | D | Jun 1, 2015 | Jun 1, 2025 | Common Stock | 200,000 | 200,000 | D |
| Stock Option (Right to buy)F3 | $0.27 | Jan 7, 2019 | D | 100,000 | D | Nov 29, 2017 | Nov 29, 2027 | Common Stock | 100,000 | 100,000 | D |
| Stock Option (Right to buy)F2 | $0.13 | Jan 7, 2019 | A | 200,000 | A | Jan 7, 2019 | Jun 1, 2025 | Common Stock | 200,000 | 200,000 | D |
| Stock Option (Right to buy)F3 | $0.13 | Jan 7, 2019 | A | 100,000 | A | Jan 7, 2019 | Nov 29, 2027 | Common Stock | 100,000 | 100,000 | D |
Explanation of responses
- F1The option vests immediately as to 125,000 shares and as to an additional 125,000 shares on each of April 7, 2019, July 7, 2019, and October 7, 2019.
- F2Reflects the amendment to an option originally issued June 1, 2015, reducing the exercise price thereof from $0.40 to $0.13, which is reported in this Form 4 as the cancellation of the original option and the grant of a replacement option with identical terms (other than the exercise price).
- F3Reflects the amendment to an option originally issued November 29, 2017, reducing the exercise price thereof from $0.27 to $0.13, which is reported in this Form 4 as the cancellation of the original option and the grant of a replacement option with identical terms (other than the exercise price).