SEC Form 4 · accession 0001185185-17-001888
Znergy, Inc. · ZNRG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Dave Joseph Baker
Officer — CHIEF EXECUTIVE OFFICER
Period of report
May 12, 2017
Accepted (ET)
Aug 30, 2017 · 3:28 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001568875
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| COMMON STOCKF1 | May 12, 2017 | A | 5,000,000 | $0.00 | A | 10,000,000 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Common Stock OptionF2,F3 | $0.10 | May 12, 2017 | A | 5,000,000 | A | — | May 11, 2020 | Common Stock | 5,000,000 | 10,000,000 | D |
Explanation of responses
- F1Represents a grant of shares related to Mr. Baker's promotion to Chief Executive Officer.
- F2Represents a grant of options related to Mr. Baker's promotion to Chief Executive Officer.
- F3The options vest quarterly one option for every two dollars of revenue recognized by the Company.