SEC Form 4 · accession 0001493152-15-000760
VAPORIN, INC. · VAPO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Scott Frohman
Officer — CEO, Director · Director
Period of report
Mar 4, 2015
Accepted (ET)
Mar 6, 2015 · 5:43 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001504937
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Mar 4, 2015 | D | 101,000 | — | D | 200,000 | D | |
| Common StockF2 | Mar 4, 2015 | D | 200,000 | — | D | 0 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The securities were disposed of pursuant to a merger agreement between the issuer and Vapor Corp. in exchange for 209,796 shares of Vapor Corp. common stock having a market value of $1.10 per share on the effective date of the merger.
- F2The securities represent restricted stock units granted under the Issuer's 2014 Equity Incentive Plan. The securities vested quarterly over a three-year term, with the first vesting date being August 31, 2014, subject to continued employment and fully vesting upon a change of control. The securities vested and were disposed of pursuant to a merger agreement between the issuer and Vapor Corp. in exchange for 415,437 shares of Vapor Corp. common stock having a market value of $1.10 per share on the effective date of the merger.