SEC Form 4 · accession 0001140361-16-067803
Generation NEXT Franchise Brands, Inc. · VEND
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Nicholas Yates
Officer — Chairman · Director · 10% Owner
Period of report
Jan 6, 2016
Accepted (ET)
May 31, 2016 · 3:15 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001526689
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Common Stock (Options)F1 | $0.095 | Jan 6, 2016 | J | 500,000 | A | Jan 6, 2017 | Jan 6, 2023 | Common Stock | 500,000 | 16,636,834 | D |
Explanation of responses
- F1The 500,000 options, which have a strike price of $0.095 per share, vest 100 percent on January 6, 2017.