SEC Form 5 · accession 0001185185-19-000196
INNOVATIVE FOOD HOLDINGS INC · IVFH
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
samuel klepfish
Officer — CEO · Director
Period of report
Dec 31, 2018
Accepted (ET)
Feb 8, 2019 · 4:45 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000312257
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | Mar 2, 2018 | M | 55,192 | — | A | 2,196,628 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1100,000 options at a price of $0.35 and an additional 100,000 options at a price of $0.57 were exercised in a cashless conversion and a net amount of 55,192 shares were issued.
- F2Includes 300,000 shares of unvested restricted stock, originally issued as restricted stock units in 2014 which were cancelled and replaced with restricted stock awards in 2017, which vests as follows: 125,000 of the shares vest contingent upon market stock price of $2.00 or above for 20 straight trading days; and 175,000 of the shares vest contingent upon market stock price of $3.00 or above for 20 straight trading days. Also includes 16,250 shares of common stock held by Mr. Klepfish's spouse, ownership of which is disclaimed by Mr. Klepfish.
Remarks
All numbers have been adjusted to reflect the 1-for-50 reverse split that was effective June 13, 2012.