SEC Form 4 · accession 0001493152-17-009443
OMNIQ Corp. · OMQS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Shai Shalom Lustgarten
Officer — Chief Executive Officer · Director
Period of report
Aug 2, 2017
Accepted (ET)
Aug 15, 2017 · 5:15 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000278165
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 OptionsF1 | $0.11 | Aug 2, 2017 | A | 1,500,000 | A | Aug 2, 2017 | Aug 2, 2021 | Common Stock | 1,500,000 | 1,500,000 | D |
Explanation of responses
- F1Pursuant to the Share Purchase Option Plan, Mr. Lustgarten received a stock option grant of 1,500,000 stock options. The options are exercisable as follows: options to purchase 375,000 shares are immediately vested on August 02, 2017 at an exercise price of $0.11 per share; options to purchase 375,000 shares vest on November 02, 2017 at an exercise price of $0.11 per share, options to purchase 375,000 shares vest on February 02, 2018 at an exercise price of $0.11 per share, and options to purchase 375,000 shares vest on May 02, 2018 at an exercise price of $0.11 per share, subject to any change in control acceleration provisions. The exercise price of the options was based on the closing price of the Company's common stock on the day prior to the grant.