SEC Form 4 · accession 0001493152-16-013412
CareCloud, Inc. · CCLD
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Howard Longstreth Clark Jr.
Director
Period of report
Sep 15, 2016
Accepted (ET)
Sep 19, 2016 · 8:03 am 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 StockF1 | Sep 15, 2016 | M | 7,500 | $0.00 | A | 46,500 | D | |
| Common StockF2 | Sep 15, 2016 | J | 1,500 | $0.00 | D | 45,000 | 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 UnitF1 | $0.00 | Sep 15, 2016 | M | 7,500 | D | — | — | Common Stock | 7,500 | 7,500 | D |
Explanation of responses
- F1Represents the conversion upon vesting of restricted stock units into common stock on September 15, 2016; 1,500 shares of the 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 on September 15, 2017.
- F2Represents 1,500 shares of the conversion transferred to an ex-spouse pursuant to a Separation Agreement.