SEC Form 4 · accession 0001415889-18-000829
WRAP TECHNOLOGIES, INC. · WRAP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael Parris
Director
Period of report
May 23, 2018
Accepted (ET)
May 25, 2018 · 5:00 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001702924
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock OptionsF2,F1 | $1.50 | May 23, 2018 | A | 50,000 | A | — | May 23, 2023 | Common Stock | 50,000 | 50,000 | D |
Explanation of responses
- F150% of the Stock Options will vest on the one-year anniversary of the grant date, with the remainder vesting ratably monthly over the following 12 months with all options vested at end of year two.
- F2Options reported herein were issued pursuant to the Issuer's 2017 Equity Compensation Plan.