SEC Form 4 · accession 0001209191-17-050817
Rekor Systems, Inc. · REKR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Riaz Latifullah
Officer — EVP - Corporate Development
Period of report
Aug 28, 2017
Accepted (ET)
Aug 30, 2017 · 7:10 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001697851
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (right to buy)F2,F1 | $1.4176 | Aug 28, 2017 | A | 174,595 | A | — | Dec 23, 2026 | Common Stock | 174,595 | 174,595 | D |
Explanation of responses
- F1Options vest in 24 successive monthly installments beginning March 1, 2017, which was the original vesting start date of the KeyStone options which were exchanged in the Merger.
- F2As disclosed by Novume Solutions, Inc. (the "Company") in its Current Report on Form 8-K as filed with the SEC on August 29, 2017, (the "Form 8-K") received in exchange for existing options to purchase common stock of KeyStone Solutions, Inc. ("KeyStone"), at the specified common stock conversion ratio and adjusted exercise price pursuant to the Second Amended and Restated Agreement and Plan of Merger between the Company, KeyStone, KeyStone Merger Sub, LLC, Brekford Merger Sub, Inc., and Brekford Traffic Safety, Inc., which closed on August 28, 2017.