SEC Form 4 · accession 0001683168-18-001694
CV Sciences, Inc. · CVSI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael Joseph Mona Jr.
10% Owner
Period of report
Mar 20, 2018
Accepted (ET)
Jun 14, 2018 · 5:07 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001510964
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (right to buy)F1 | $0.40 | Mar 20, 2018 | A | 1,050,000 | A | — | Mar 19, 2028 | Common Stock | 1,050,000 | 1,050,000 | D |
| Restricted Stock UnitsF2,F3 | — | Jun 8, 2018 | A | 2,950,000 | A | — | — | Common Stock | 2,950,000 | 2,950,000 | D |
Explanation of responses
- F1The stock option is fully vested on the date of grant.
- F2Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock.
- F3983,323 of the restricted stock units vest on June 8, 2019 and the remaining restricted stock units vest in twenty-four equal monthly increments thereafter. Vested shares will be delivered to Reporting Person within ten (10) business days of the vesting date. Notwithstanding the foregoing, in the event the Issuer reasonably anticipates that the issuance of the vested shares would constitute a violation of federal securities laws or other applicable laws, delivery of the vested shares shall be delayed until the earliest date at which the Issuer reasonably anticipates issuing the vested shares will not cause such a violation.