SEC Form 4 · accession 0001209191-17-050818
Rekor Systems, Inc. · REKR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Suzanne Loughlin
Officer — Chief Adm. Officer & GC
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
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Aug 28, 2017 | A | 315,625 | — | A | 315,625 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Warrant to Purchase Common Stock WarrantF2 | $2.5774 | Aug 28, 2017 | A | 105,209 | A | Jan 25, 2017 | Jan 25, 2022 | Common Stock | 105,209 | 105,209 | D |
| Warrant to Purchase Common StockF2 | $3.6083 | Aug 28, 2017 | A | 105,209 | A | Jan 25, 2017 | Jan 25, 2022 | Common Stock | 105,209 | 105,209 | D |
| Employee Stock Option (right to buy)F4,F3 | $1.5464 | Aug 28, 2017 | A | 155,195 | A | — | Jan 25, 2027 | Common Stock | 155,195 | 155,195 | D |
Explanation of responses
- F1As 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 the common stock of KeyStone Solutions, Inc. ("KeyStone"), at the specified common stock conversion ratio 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 (the "Merger").
- F2As disclosed by the Company in the Form 8-K, received in exchange for existing warrants to purchase common stock of KeyStone at the specified common stock conversion ratio and adjusted exercise price pursuant to the Merger.
- F3Options vest in 24 successive monthly installments beginning on the first anniversary of January 25, 2017, which was the original grant date of the KeyStone options which were exchanged in the Merger.
- F4As disclosed by the Company in the Form 8-K, received in exchange for existing employee stock options to purchase common stock of KeyStone at the specified common stock conversion ratio and adjusted exercise price pursuant to the Merger.