SEC Form 4 · accession 0001621832-19-000007
Aqua Metals, Inc. · AQMS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Stephen Cotton
Officer — Chief Executive Officer · Director
Period of report
Feb 25, 2019
Accepted (ET)
Feb 27, 2019 · 4:42 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001621832
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common SharesF1 | holding | — | — | — | 206,457 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock OptionsF2 | $3.08 | Feb 25, 2019 | A | 420,000 | A | Jan 7, 2020 | Feb 25, 2024 | Common Shares | 420,000 | 1,492,461 | D |
| Stock OptionsF2 | $3.68 | Feb 25, 2019 | A | 420,000 | A | Jan 7, 2020 | Feb 25, 2024 | Common Shares | 420,000 | 1,912,461 | D |
| Stock OptionsF2 | $4.18 | Feb 25, 2019 | A | 420,000 | A | Jan 7, 2020 | Feb 25, 2024 | Common Shares | 420,000 | 2,332,461 | D |
Explanation of responses
- F1Includes 110,557 shares underlying restricted stock units ("RSUs") that are not yet vested and deliverable. The RSUs will vest and be settled in six equal semi-annual installments over a three year period beginning July 4, 2019, subject to the Reporting Person's continuation of service with the Company. These RSUs have been granted under the Company's 2018 Long Term Incentive Program as non-cash stock awards.
- F2Options vest 1/3 per year annually commencing on January 7, 2020.