SEC Form 3 · accession 0001493152-17-009025
Frankly Inc · FKLY
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Louis Schwartz
Officer — CFO & COO
Period of report
Aug 11, 2017
Accepted (ET)
Aug 11, 2017 · 9:13 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001688667
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common SharesF1 | holding | — | — | — | 11,497 | I | By Schwartz & Associates, PC |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock options to purchase common sharesF2 | $7.10 | holding | — | — | — | — | Aug 25, 2025 | Incentive Stock Option | 5,111 | — | D |
| Stock options to purchase common sharesF3 | $7.10 | holding | — | — | — | — | Feb 10, 2026 | Incentive Stock Option | 12,110 | — | D |
| Stock options to purchase common sharesF4 | $7.10 | holding | — | — | — | — | Mar 3, 2027 | Incentive Stock Option | 10,953 | — | D |
| Restricted stock units convertible to common sharesF5 | $0.00 | holding | — | — | — | — | — | Restricted Stock Unit | 24,677 | — | D |
| Restricted stock units convertible to common sharesF6 | $0.00 | holding | — | — | — | — | — | Restricted Stock Unit | 6,353 | — | D |
Explanation of responses
- F1The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission that the reporting person is the beneficial owner of all of the reported shares for purposes of Section 16 or for any other purpose.
- F2Out of the 5,111 options, 2,661 options will be vested and exercisable by 10/10/2017. The remaining options will be vested monthly by 1/48 of the issued amount after 10/10/2017.
- F3Out of 12,110 options, 5,045 options will be vested and exercisable by 10/10/2017. The remaining options will be vested monthly by 1/48 of the issued amount after 10/10/2017.
- F41/4 of the issued amount will be vested at 3/3/2018, and the remainder will be vested monthly by 1/48 of the issued amount thereafter
- F52/3 of the issued amount will be vested at 9/8/2017 and the remaining 1/3 of the amount will be vested at 3/8/2018
- F6The issued RSUs will be vested annually from 3/3/2017 until 2021 at equal amount vesting each time