SEC Form 4 · accession 0001493152-19-002634
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
Feb 22, 2019
Accepted (ET)
Feb 26, 2019 · 8:00 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 |
|---|---|---|---|---|---|---|---|---|
| Series A Cum Redeemable Perpetual Preferred Stock [MTBCP]F1 | Feb 22, 2019 | A | 10,000 | $0.00 | A | 18,300 | D | |
| Series A Cum Redeemable Perpetual Preferred Stock [MTBCP] | Feb 22, 2019 | F | 4,600 | $26.99 | D | 13,700 | 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 22, 2019 | M | 10,000 | D | — | — | Series A Cumulative Redeemable Perpetual Preferred Stock | 10,000 | 0 | D |
| Restricted stock unitF4 | $0.00 | Feb 22, 2019 | A | 10,000 | A | — | — | Series A Cumulative Redeemable Perpetual Preferred Stock | 10,000 | 10,000 | D |
Explanation of responses
- F1Represents the conversion upon vesting of restricted stock units into shares of preferred stock on February 22, 2019. These shares of preferred stock issued upon vesting of such units were acquired under the Company's Amended and Restated Equity Incentive Plan without payment by the requesting person.
- F2Series A Preferred Stock awarded under the Company's Amended and Restated Equity Incentive Plan, without payment by the reporting person.
- F3Shares withheld by the issuer to satisfy the mandatory tax withholding requirement upon awarding of Preferred Stock. This is not an open market sale of securities.
- F4The restricted stock unit was granted on February 22, 2019 and vests upon attainment of certain performance targets.