SEC Form 4 · accession 0001415889-15-001296
MARA Holdings, Inc. · MARA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Richard Chernicoff
Director
Period of report
Apr 7, 2015
Accepted (ET)
Apr 9, 2015 · 5:00 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001507605
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| OptionF1 | $6.76 | Apr 7, 2015 | A | 280,000 | A | — | Apr 7, 2025 | Common Stock | 280,000 | 280,000 | D |
Explanation of responses
- F1The options shall vest as follows: 25% of the options shall vest on the 12 month anniversary of the date of grant and thereafter 2.083% on the 21st day of each succeeding calendar month. Notwithstanding anything herein to the contrary, the options shall be subject to the following as an additional condition of vesting: (A) options to purchase 70,000 shares of common stock under the options shall not vest at all unless the price of the common stock while Chernicoff continues as an officer and/or director reach $8.99 and (B) options to purchase 70,000 shares of common stock under the options shall not vest at all unless the price of the common stock while Chernicoff continues as an officer and/or director reach $10.14.