SEC Form 5 · accession 0001213900-18-001694

Nxt-ID, Inc. · NXTD

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Officer — Chief Operating Officer · Director

Period of report

Dec 31, 2017

Accepted (ET)

Feb 13, 2018 · 4:44 pm EST

Rule 10b5-1 plan

unknown — predates the checkbox

Issuer CIK

0001566826

Table I — non-derivative securities

Security	Date	Code	Shares	Price	A/D	Owned after	D/I
Common Stock^F2	May 23, 2017	A	983,611	—	A	983,611	D
Common Stock	Oct 2, 2017	A	25,331	$0.00	A	1,008,942	D
Common Stock	Dec 7, 2017	A	250,000	$0.00	A	1,258,942	D
Common Stock	Dec 15, 2017	A	6,333	$0.00	A	1,265,275	D
Common Stock	Dec 20, 2017	S	10,000	$2.95	D	1,255,275	D
Common Stock	Dec 31, 2017	A	44,330	$0.00	A	1,299,605	D
Common Stock	Jan 16, 2018	S	10,000	$2.82	D	1,289,605	D
No Securities are Beneficially Owned	holding	—	—		—	0	D

No Table II lines on this filing.

F1The reporting person was appointed the Chief Operating Officer of the issuer on May 19, 2017 and was appointed to serve as a member of the board of the directors of the issuer effective as of June 30, 2017.
F2Received in exchange for 983,611 shares of Fit Pay, Inc. ("Fit Pay") common stock in connection with the merger (the "Merger") of Fit Pay into Nxt-ID, Inc. ("Nxt-ID"). On the effective date of the Merger, the closing price of Nxt-ID's common stock was $1.72 per share and the price of Fit Pay's common stock was valued at $0.53 per share.
F3Restricted shares of Fit Pay common stock granted to the reporting person prior to the Merger as compensation for his services as chief executive officer of Fit Pay, which shares vested on October 2, 2017, December 15, 2017 and December 31, 2017, respectively, and were granted to the reporting person as shares of Nxt-ID common stock.
F4Shares sold by Mr. Orlando pursuant to a Rule10b5-1 trading plan adopted by the reporting person on December 14, 2017.