SEC Form 4 · accession 0001178913-17-000851
Integrity Applications, Inc. · GCTK
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Angela Strand Boydston
Director
Period of report
Mar 20, 2017
Accepted (ET)
Mar 22, 2017 · 4:17 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001506983
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock, par value $0.001 per shareF1,F2 | Mar 20, 2017 | A | 13,334 | $0.00 | A | 13,334 | I | By Strand Strategy |
| Common Stock, par value $0.001 per shareF3 | Mar 20, 2017 | A | 4,445 | $0.00 | A | 4,445 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Transferred to Strand Strategy by the Issuer pursuant to a Consulting Agreement, effective December 1, 2017, by and between the Issuer and Strand Strategy (the "Agreement"). Pursuant to the Agreement and the transactions contemplated thereby, and in consideration of Strand Strategy's performance of certain services under the Agreement, on March 20, 2017, the Board of Directors of the Issuer authorized the issuance of 13,334 shares of common stock, par value $0.001 per share, of the Issuer, to Strand Strategy. The Agreement indicates that such issuance is based on a $4.50 per share valuation.
- F2The securities are held by Strand Strategy, of which the Reporting Person is the managing director. The Reporting Person disclaims beneficial ownership of these securities, except to the extent of any pecuniary interest therein and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose.
- F3Granted as restricted common stock, which will vest in equal monthly installments over a one year period commencing on March 20, 2017.