SEC Form 4 · accession 0001640334-18-001776
Generation NEXT Franchise Brands, Inc. · VEND
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Christopher James Maudlin
Director
Period of report
Sep 11, 2018
Accepted (ET)
Sep 17, 2018 · 1:53 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock OptionF1 | $1.80 | Sep 11, 2018 | A | 330,000 | A | Sep 11, 2018 | Sep 11, 2025 | Common | 330,000 | 330,000 | D |
Explanation of responses
- F1The options are to vest over a thirty-six (36) month vesting period ("Vesting Period") from the date of grant, with one-sixth (1/6) to vest after six (6) months and the remainder vesting pro rata monthly over the remaining thirty (30) months of the Vesting Period. The strike price is $1.80 per share. The options expire seven years from the vesting date.