SEC Form 4 · accession 0001415889-18-001574
WRAP TECHNOLOGIES, INC. · WRAP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Elwood G Norris
Officer — CHIEF TECHNOLOGY OFFICER · 10% Owner
Period of report
Oct 30, 2018
Accepted (ET)
Nov 1, 2018 · 7:58 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001702924
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Oct 30, 2018 | P | 333,334 | $3.00 | A | 5,718,219 | I | By Family Trust |
| Common Stock | holding | — | — | — | 850,904 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| WarrantF1 | $5.00 | Oct 30, 2018 | P | 333,334 | A | Oct 30, 2018 | Oct 30, 2020 | Common Stock | 333,334 | 333,334 | I |
Explanation of responses
- F1The Reporting Person purchased 333,334 units ("Units") for $3.00 per Unit, with each Unit consisting of one share of common stock and a two-year warrant to purchase one share of common stock, in connection with a private placement transaction consummated by the Issuer on October 30, 2018.