SEC Form 4 · accession 0001206774-16-007577
ANDREA ELECTRONICS CORP · ANDR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Louis Libin
Director
Period of report
Nov 16, 2016
Accepted (ET)
Nov 18, 2016 · 4:00 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000006494
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (right to buy)F1 | $0.05 | Nov 16, 2016 | A | 225,000 | A | Nov 16, 2017 | Nov 16, 2026 | Common Stock | 225,000 | 225,000 | D |
Explanation of responses
- F1Stock options granted on November 16, 2016 will vest as follows: 33.3% on November 16, 2017, 33.3% on November 16, 2018 and 33.4% November 16, 2019.