SEC Form 4 · accession 0001678270-16-000002
Greenwave Technology Solutions, Inc. · GWAV
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Lance Galey
Officer — Chief Technology Officer
Period of report
Oct 3, 2016
Accepted (ET)
Oct 5, 2016 · 5:00 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001589149
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock, par value $0.001F1 | Oct 3, 2016 | A | 600,000 | $0.00 | A | 600,000 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| OptionF2 | $0.51 | Oct 3, 2016 | A | 600,000 | A | Nov 14, 2016 | Oct 3, 2026 | Common Stock, par value $0.001 | 600,000 | 600,000 | D |
Explanation of responses
- F1The 600,000 shares of the Company's Common Stock awarded to Mr. Galey will vest as follows: (a) 300,000 shares on October 3, 2016 and (b) 50,000 shares on the first day of each month from November 2016 through April 2017. The vested shares will be issued to Mr. Galey starting 40 days from October 5, 2016.
- F2The options to purchase 600,000 shares of the Company's Common Stock awarded to Mr. Galey will vest as follows: (a) 300,000 options on October 3, 2016 and (b) 50,000 options on the first day of each month from November 2016 through April 2017. The vested options may be exercised by Mr. Galey starting 40 days from October 5, 2016.