SEC Form 4 · accession 0001140361-15-001991
Generation NEXT Franchise Brands, Inc. · VEND
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Arthur Scott Budman
Officer — CEO & CFO · Director
Period of report
Jan 15, 2015
Accepted (ET)
Jan 16, 2015 · 12:02 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001526689
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Jan 15, 2015 | J | 20,833 | — | A | 250,000 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On October 1, 2014 Mr. Budman reported on Form 3 beneficial ownership of 250,000 shares of common stock, granted in connection with his employment by the Company. The shares vest ratably over the initial term of Mr. Budman's employment agreement, as described in, and attached to, the Company's Form 8-K filed September 30, 2014. This transaction represents vesting of the fourth 1/12 ratable portion of the total grant of 250,000 shares of common stock.