SEC Form 4 · accession 0001209191-17-048639
Solana Co · HSDT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Dane Andreeff
Director
Period of report
Aug 8, 2017
Accepted (ET)
Aug 11, 2017 · 5:24 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001610853
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (Right to Buy)F1,F2 | $2.08 | Aug 8, 2017 | A | 100,000 | A | — | Aug 8, 2027 | Class A Common Stock | 100,000 | 100,000 | D |
Explanation of responses
- F1Translated into US dollars from Canadian dollars based on buying rate from Federal Reserve Bank. USD $1.0000 = CAD $1.26675 on August 8, 2017; based on exercise price of CAD $2.63.
- F2Grant to the Reporting Person of a stock option under the Issuer's 2016 Stock Incentive Plan. The shares vest over four years, with 25% of the shares vesting on August 8, 2018 and the remaining shares vesting annually in three equal installments on August 8, 2019, 2020 and 2021, subject to the Reporting Person's continued service through each applicable vesting date.