SEC Form 4 · accession 0001144204-17-062439
Drone USA Inc. · DRUS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael John Bannon
Officer — President and CEO · Director · 10% Owner
Period of report
Dec 4, 2017
Accepted (ET)
Dec 5, 2017 · 5:25 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001704795
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Dec 4, 2017 | S$0 | 390,000 | — | D | 37,196,591 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Michael Bannon has entered into a Rule 10b5-1 sales plan through Merrill Lynch under which he will sell each week at a limit price of $.15 up to 7,500 shares during the period December 4, 2017 to November 30, 2018. In the event that the limit price is 25% or more less than the market price at the approximate time the order is placed, Merrill Lynch shall submit the order as a market order.