SEC Form 4 · accession 0001477932-15-007547
Skkynet Cloud Systems, Inc. · SKKY
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Andrew S Thomas
Officer — Chief Executive Officer · Director · 10% Owner
Period of report
Nov 24, 2015
Accepted (ET)
Dec 9, 2015 · 12:45 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001546853
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Options | $0.001 | Nov 24, 2015 | J | 144,200 | A | Nov 24, 2015 | Nov 24, 2020 | Common Stock | 144,200 | 344,200 | D |
Explanation of responses
- F1On November 24, 2015. Mr. Thomas entered into a Settlement and Release Agreement with the company whereby Mr. Thomas agreed to forgive $151,453 in accrued and unpaid salary in exchange for 144,200 options.