SEC Form 4 · accession 0001144204-15-063458
CareCloud, Inc. · CCLD
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Bill Korn
Officer — Chief Financial Officer
Period of report
Apr 4, 2015
Accepted (ET)
Nov 6, 2015 · 7:53 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001582982
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common stockF1 | Apr 4, 2015 | M | 16,667 | $0.00 | A | 16,667 | D | |
| Series A Cumulative Redeemable Perpetual Preferred Stock | Nov 4, 2015 | P | 800 | $25.00 | A | 800 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted stock unitF1 | $0.00 | Apr 4, 2015 | M | 16,667 | D | — | — | Common Stock | 16,667 | 33,333 | D |
Explanation of responses
- F1Represents the conversion upon vesting of restricted stock units into common stock on April 4, 2015. These restricted stock units were acquired under the Company's 2014 Equity Incentive Plan, without payment by the reporting person. The remainder of the restricted stock units vests equally on April 4, 2016 and April 4, 2017.
- F2The initial price of the Company's Series A, 11% Cumulative, Redeemable Perpetual Preferred Stock (the "Series A Preferred Stock") is $25.00 per share. The Series A Preferred Stock has no expiration date and is subject to all of the rights and obligations set forth in the Company's amended and restated certificate of incorporation, certificate of designations of the Series A Preferred Stock, and amended and restated bylaws.