SEC Form 4 · accession 0001140361-15-015111
4Licensing Corp · FOUR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Wade Massad
Director
Period of report
Apr 9, 2015
Accepted (ET)
Apr 10, 2015 · 5:14 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000058592
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Apr 9, 2015 | X | 1,500 | $0.26 | A | 38,700 | D | |
| Common Stock | Apr 9, 2015 | S | 1,500 | $0.70 | D | 37,200 | D | |
| Common StockF1 | holding | — | — | — | 617,100 | I | See Footnote |
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)F2 | $0.26 | Apr 9, 2015 | X | 1,500 | D | — | Feb 27, 2023 | Common Stock | 1,500 | 185,311 | D |
Explanation of responses
- F1Represents 617,100 shares held and or managed by Cleveland Capital Management L.L.C. ("Cleveland Capital"). The Reporting Person is a managing director in Cleveland Capital and may have a pecuniary interest in the shares. The Reporting Person disclaims beneficial ownership of any shares of common stock in which he does not have a pecuniary interest.
- F2The option vested in three equal installments on February 27, 2013, 2014 and 2015.