SEC Form 4 · accession 0001493152-19-001492
CareCloud, Inc. · CCLD
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Shruti H Patel
Officer — General Counsel and Corp Sec
Period of report
Feb 2, 2019
Accepted (ET)
Feb 6, 2019 · 8:30 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 | Feb 2, 2019 | M | 2,500 | $0.00 | A | 10,000 | D | |
| Common Stock | Feb 2, 2019 | F | 875 | $4.13 | D | 9,125 | D | |
| Common StockF2 | Feb 4, 2019 | M | 2,500 | $0.00 | A | 11,625 | D | |
| Common Stock | Feb 4, 2019 | F | 875 | $4.12 | D | 10,750 | 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 | Feb 2, 2019 | M | 2,500 | D | — | — | Common Stock | 2,500 | 22,500 | D |
| Restricted Stock UnitF2 | $0.00 | Feb 4, 2019 | M | 2,500 | D | — | — | Common Stock | 2,500 | 20,000 | D |
Explanation of responses
- F1Represents the conversion upon vesting of restricted stock units into common stock on February 2, 2019. These restricted stock units and the shares of common stock issued upon vesting of such units were acquired under the Company's Amended and Restated Equity Incentive Plan, without payment by the reporting person. The remainder of the restricted stock units vest on various dates between August 2019 and August 2021.
- F2Represents the conversion upon vesting of restricted stock units into common stock on February 4, 2019. These restricted stock units and the shares of common stock issued upon vesting of such units were acquired under the Company's Amended and Restated Equity Incentive Plan, without payment by the reporting person. The remaining restricted stock units vest on various dates between August 2019 and August 2021.
- F3Shares withheld by the issuer to satisfy the mandatory tax withholding requirement upon awarding of the common stock. This is not an open market sale of securities.