SEC Form 4 · accession 0001144204-16-093071
CareCloud, Inc. · CCLD
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Howard Longstreth Clark Jr.
Director
Period of report
Apr 4, 2015
Accepted (ET)
Apr 6, 2016 · 5:48 pm EDT
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 StockF2,F1 | Apr 4, 2015 | M | 7,500 | $0.00 | A | 7,000 | D | |
| Common StockF2,F1 | Apr 4, 2016 | M | 7,500 | $0.00 | A | 39,000 | 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 UnitF2 | $0.00 | Apr 4, 2015 | M | 7,500 | D | — | — | Common Stock | 7,500 | 37,500 | D |
| Restricted Stock UnitF2 | $0.00 | Apr 4, 2016 | M | 7,500 | D | — | — | Common Stock | 7,500 | 22,500 | D |
Explanation of responses
- F1The number of derivative securities acquired reported in Column 4 and the numbers of shares reported in Column 5 of the Form 4 filed on January 4, 2016, were overstated by 5000 shares, which were transferred to an ex-spouse pursuant to a Separation Agreement. The correct numbers are set forth in Column 5 this Form.
- F2Represents the conversion upon vesting of restricted stock units into common stock on April 4, 2015 and April 4, 2016; 1,500 shares of each conversion were transferred to an ex-spouse pursuant to a Separation Agreement. These restricted stock units and the shares of common stock issued upon vesting of such units were acquired under the Company's 2014 Equity Incentive Plan, without payment by the reporting person. The remainder of the restricted stock units vest as follows: September 15, 2016-7,500; April 4, 2017-7,500; September 15, 2017-7,500.