SEC Form 4 · accession 0001140361-15-006075
4Licensing Corp · FOUR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kenneth H Klopp
Director
Period of report
Feb 10, 2015
Accepted (ET)
Feb 12, 2015 · 5:53 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000058592
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Nonstatutory Stock Option (right to buy)F1,F2 | $0.79 | Feb 10, 2015 | A | 50,000 | A | Feb 10, 2015 | Feb 10, 2025 | Common Stock | 50,000 | 50,000 | D |
Explanation of responses
- F1The exercise price is the fair market value of the shares of Common Stock of 4Licensing Corporation (the "Company") as of the grant date determined by the Board of Directors of the Company upon the range of bid prices for the Company's Common Stock on the OTC Pink Sheets on the grant date.
- F2Option became exercisable immediately upon grant.