SEC Form 4 · accession 0001209191-16-089430
Nuvola, Inc. · 0000
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Ronald L. Miller Jr.
Officer — VP, CFO, and Secretary
Period of report
Dec 31, 2015
Accepted (ET)
Jan 5, 2016 · 7:50 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001609319
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (Right to Buy)F1,F2 | $0.21 | Dec 31, 2015 | J | 306,919 | A | — | Sep 1, 2024 | Common Stock | 306,919 | 306,919 | D |
| Employee Stock Option (Right to Buy)F3,F2 | $0.41 | Dec 31, 2015 | J | 306,919 | A | — | Apr 14, 2025 | Commom Stock | 306,919 | 306,919 | D |
Explanation of responses
- F1Received in exchange for an option to acquire 250,000 units of membership interests in Modern Round, L.L.C. ("Modern Round") for $.25 per unit, in connection with the merger of Nuvola Merger Sub, LLC, a wholly owned subsidiary of the Issuer, with and into Modern Round (the "Merger").
- F2The option is exercisable immediately.
- F3Received in exchange for an option to acquire 250,000 units of membership interests in Modern Round for $.50 per unit, in connection with the Merger.