SEC Form 4 · accession 0001144204-16-074154
TWINLAB CONSOLIDATED HOLDINGS, INC. · TLCC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Glenn C Wolfson
Officer — See Remarks
Period of report
Jan 1, 2016
Accepted (ET)
Jan 5, 2016 · 5:46 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001590695
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock, par value $0.001 | Jan 1, 2016 | M | 250,000 | $0.00 | A | 250,000 | 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 UnitsF2,F3 | — | Jan 1, 2016 | M | 250,000 | D | — | — | common stock, par value $0.001 | 250,000 | 750,000 | D |
Explanation of responses
- F1Settled pursuant to restricted stock units.
- F2Each restricted stock unit represents a contingent right to receive one share of TLCC common stock.
- F3The restricted stock units vest in four equal annual installments beginning January 1, 2016. Vested shares will be delivered to the reporting person as soon as practicable following each vesting date (but in no event later than two and one-half months after the end of the year in which the vesting date occurs).
Remarks
Chief Administrative Officer, Twinlab Consolidation Corporation