SEC Form 4 · accession 0001094891-18-000057
Long Blockchain Corp. · LBCC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Shamyl Malik
Officer — Chief Executive Officer · Director
Period of report
Feb 20, 2018
Accepted (ET)
Feb 20, 2018 · 6:49 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001629261
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Feb 20, 2018 | A | 41,667 | $0.00 | A | 41,667 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents shares of the Issuer's common stock to be issued to the reporting person pursuant to an employment agreement entered into by and between the Issuer and the reporting person on February 20, 2018. Pursuant to the employment agreement, the reporting person is to receive his base salary for the first six months of the agreement in shares of common stock valued at $3.00 per share. The compensation is to be paid in 21 equal bi-monthly installments and vests on the later of the installment date or January 1, 2019, provided that the reporting person is still then employed by the Issuer.