SEC Form 4 · accession 0001179110-18-009213
GWG Holdings, Inc. · GWGH
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
William Acheson
Officer — Chief Financial Officer
Period of report
Jun 29, 2018
Accepted (ET)
Jul 2, 2018 · 5:18 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001522690
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock, $.001 par value | holding | — | — | — | 0 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Options (right to buy)F1 | $10.20 | Jun 29, 2018 | A | 20,000 | A | — | Jun 28, 2027 | Common Stock, $.001 par value | 20,000 | 20,000 | D |
Explanation of responses
- F1On June 29, 2017, the reporting person was granted an option to purchase 150,000 shares of common stock. One half of the option, or 75,000 shares, is subject to yearly time-based vesting over three years and was reported on June 30, 2017. The other half vests in installments based on the satisfaction of annual performance criteria. On June 29, 2018, certain performance criteria were met resulting in the vesting of the option as to 20,000 shares.