SEC Form 4 · accession 0001654954-18-013832

Rekor Systems, Inc. · REKR

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owners

Officer — Chief Executive Officer · Director · 10% Owner

10% Owner

Period of report

Dec 10, 2018

Accepted (ET)

Dec 11, 2018 · 5:14 pm EST

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 Stock^F1,F2	Dec 10, 2018	A	2,725,836	$0.5155	A	2,869,083	I	By Avon Road Partners, L.P.
Common Stock^F1,F2	Dec 10, 2018	A	1,593,021	$0.5155	A	4,462,104	I	By Avon Road Partners, L.P.

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Avon Option to Purchase (McCarthy)^F3	$0.5155	Dec 10, 2018	X	2,725,836	D	Mar 16, 2016	Mar 21, 2019	Common Stock	2,725,836	0	I
Avon Option to Purchase (Nathan)^F3	$0.5155	Dec 10, 2018	X	1,593,021	D	Mar 16, 2016	Mar 21, 2019	Common Stock	1,593,021	0	I

F1The shares were acquired pursuant to Avon Road Partners, L.P.'s ("Avon Road") exercise of options (the "Options") to purchase shares of common stock of Novume Solutions, Inc. ("Novume") from James McCarthy and Richard Nathan. The Options were granted to Avon Road pursuant to the Option Agreement, dated March 16, 2016, amended as of September 7, 2017, by and among James McCarthy and Richard Nathan as grantors and Avon Road as the option holder (the "Option Agreement").
F2Represents shares acquired by Avon Road, of which Mr. Berman is the general partner. As a result, Mr. Berman may be deemed to beneficially own the Issuer's securities held by Avon Road.
F3Pursuant to the terms of the Option Agreement, Avon Road paid the stockholders $10,000 each (a total of $20,000) for the right to purchase, on a simultaneous and pro-rata basis, up to 4,318,857 shares of Novume's common stock owned by the shareholders at a purchase price of $0.5155 per share.