SEC Form 4 · accession 0001493152-17-003567
CareCloud, Inc. · CCLD
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Stephen Andrew Snyder
Officer — President · Director
Period of report
Apr 4, 2017
Accepted (ET)
Apr 5, 2017 · 5:40 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 StockF1 | Apr 4, 2017 | M | 33,334 | $0.00 | A | 164,334 | D | |
| Common Stock | Apr 4, 2017 | F | 8,334 | $0.68 | D | 156,000 | 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 | Apr 4, 2017 | M | 33,334 | D | — | — | Common Stock | 33,334 | 0 | D |
Explanation of responses
- F1Represents the conversion upon vesting of restricted stock units into common stock on April 4, 2017. 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.
- F2Shares withheld by the issuer to satisfy the mandatory tax withholding requirement upon vesting of restricted stock units. This is not an open market sale of securities.