SEC Form 3 · accession 0001659173-15-000058
AMERICATOWNE Inc.
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Mabiala Phuati
Officer — VP - Worldwide Ops
Period of report
Nov 25, 2014
Accepted (ET)
Dec 17, 2015 · 4:43 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001606699
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | holding | — | — | — | 477,198 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| OptionF1 | $0.50 | holding | — | — | — | Nov 25, 2014 | Nov 25, 2014 | Common Stock | 400,000 | — | D |
Explanation of responses
- F1The Company has issued Mr. Phuati an option to purchase up to 400,000 shares of common stock of the Company per year at any time prior to the conclusion of the first year of the Agreement, i.e. prior to 365 days after execution of the Agreement, which was on November 25, 2014, at a price of $0.50 per share, and annually thereafter for a total of 4 consecutive years. The shares purchased under this option shall be considered subject to all rights and restrictions set forth in his Employment, Lock-Up and Options Agreement. At the end of fiscal year 2014, Mr. Phuati had 477,198 shares issued to him. This filing is consistent with all prior disclosures made on numerous Form 8-Ks. Mr. Phuati has not exercised any of his option rights. The Company and Mr. Phuati may amend the subject agreement upon mutual consent of the parties.
Remarks
Mr. Phuati is an officer, and reporting person, but not a beneficial owner as of 11/25/2014.