SEC Form 4 · accession 0001437749-16-040679
COMARCO INC · CMRO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Lou Silverman
Director
Period of report
Oct 27, 2016
Accepted (ET)
Oct 31, 2016 · 6:58 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000022252
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Right to buyF1 | $0.14 | Oct 27, 2016 | A | 24,048 | A | Oct 27, 2016 | Jun 17, 2025 | Common Stock | 24,048 | 50,000 | D |
| Right to buyF2 | $0.09 | Oct 27, 2016 | A | 50,000 | A | Oct 27, 2017 | Oct 27, 2026 | Common Stock | 50,000 | 50,000 | D |
Explanation of responses
- F1On June 17, 2015, the Reporting Person received 25,952 out of a total of 50,000 board approved options, as there were insufficient shares then available under the Issuer's 2011 Equity Incentive Plan and the remaining 24,048 options were granted subject to an increase in shares under the 2011 Equity Plan. As an increase in shares under the 2011 Equity Plan was recently approved at the Company's 2016 Annual Shareholders Meeting, this grant represents the balance of the June 17, 2015 award with the same vesting and expiration dates as the original 25,952 option grant on June 17, 2015.
- F2The Reporting Person received a grant of stock options pursuant to the Issuer's 2011 Equity Incentive Plan. The option shall vest in full on the one-year anniversary of the grant date.