SEC Form 4 · accession 0001493152-17-013432
Frankly Inc · FKLY
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Steven R Zenz
Director
Period of report
Nov 3, 2017
Accepted (ET)
Nov 16, 2017 · 5:16 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001688667
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted stock units convertible into common sharesF1,F3 | — | Nov 3, 2017 | D | 5,000 | D | — | — | Common Shares | 5,000 | 2,943 | D |
| Restricted stock units convertible into common sharesF1,F2 | — | Nov 3, 2017 | A | 45,533 | A | — | — | Common Shares | 45,533 | 48,476 | D |
Explanation of responses
- F1Each RSU represents a contingent right to receive one common share of the Issuer.
- F2The RSUs shall become vested pro-rata on the following schedule: (a) one-quarter (9,572 RSUs) on December 31, 2017, (b) one-quarter (9,572 RSUs) on March 31, 2018, (c) one-quarter (9,572 RSUs) on June 30, 2018, and (d) one-quarter (9,571 RSUs) on September 30, 2018. The remaining 7,246 RSUs shall become vested on the earlier of: (a) March 31, 2018, or (b) the conclusion of the Company's Strategic Process, which shall be the date that the Company's Board dissolves the Strategic Process Committee.
- F3Not applicable.