SEC Form 4 · accession 0001683168-17-002178
RIGHTSCORP, INC. · RIHT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Christopher Sabec
Officer — President · Director
Period of report
Aug 8, 2017
Accepted (ET)
Aug 18, 2017 · 4:44 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001506270
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Option to Purchase Common StockF1 | $0.05 | Aug 8, 2017 | A | 5,000,000 | A | Aug 1, 2017 | Aug 1, 2027 | Common Stock | 5,000,000 | 5,000,000 | D |
Explanation of responses
- F1The stock options reported under item 1 above were granted to Mr. Sabec pursuant to his employment agreement as President, approved by the Board on 08/08/2017 and effective 08/01/2017 (the "Effective Date"). 1,500,000 of the options, priced at $0.05 per share, vested on the Effective Date, and the remaining 3,500,000 options, also at $0.05 per share, vest in 48 equal monthly installments beginning on the Effective Date.