SEC Form 4/A · accession 0001511164-16-000925
KushCo Holdings, Inc. · KSHB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Jan 15, 2016 | J | 22,500 | $0.6454 | A | 1,176,000 | D | |
| Common Stock | Jan 21, 2016 | G | 159,000 | $0.00 | D | 1,176,000 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Common Stock Options | $1.00 | May 13, 2016 | A | 250,000 | A | May 13, 2017 | May 13, 2026 | Common Stock | 250,000 | 250,000 | D |
Remarks
The Reporting Person has received 250,000 incentive stock options at an exercise price of $1.00 per share, which shall vest as: (a) 50% of the options shall vest on May 13, 2017, and (b) after May 13, 2017, the remaining 50% of the stock options shall vest ratably in 4 quarterly installments of the next 12 months. If the Reporting Person is terminated for cause before any options have vested, the remaining options granted shall not vest beyond the service termination date. If the Reporting Person is terminated not for cause prior to May 13, 2017, 125,000 options will immediately vest. If the Reporting Person is terminated not for cause after May 13, 2017, the entire 250,000 options shall immediately vest.