SEC Form 4 · accession 0001638293-16-000002
Solana Co · HSDT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Brian Bapty
Officer — Vice President, Bus Developmen
Period of report
Jul 13, 2016
Accepted (ET)
Jul 28, 2016 · 3:23 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 | $1.07 | Jul 13, 2016 | A | 50,000 | A | — | Jul 13, 2020 | Class A Common Stock | 50,000 | 50,000 | D |
Explanation of responses
- F1Translated into US dollars from Canadian dollars based on buying rate from Federal Reserve Bank. USD $1.00 = CAD $1.2962 on July 13, 2016; based on exercise price of CAD $1.39
- F21/3 of total options vested on date of grant; 1/3 will vest on first anniversary of date of grant and 1/3 will vest on second anniversary of date of grant