SEC Form 4 · accession 0001206774-18-002277
ANDREA ELECTRONICS CORP · ANDR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Douglas J Andrea
Officer — President & CEO · Director
Period of report
Aug 1, 2018
Accepted (ET)
Aug 3, 2018 · 5:44 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000006494
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Aug 1, 2018 | M | 1,875,000 | $0.04 | A | 2,219,700 | D | |
| Common Stock | holding | — | — | — | 3,876 | I | By Daughter | |
| Common Stock | holding | — | — | — | 12,438 | I | By Spouse |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (right to buy)F3 | $0.04 | Aug 1, 2018 | M | 1,875,000 | D | Aug 1, 2009 | Aug 8, 2018 | Common Stock | 1,875,000 | 125,000 | D |
| Employee Stock Option (right to buy)F1 | $0.05 | holding | — | — | — | Nov 16, 2017 | Nov 16, 2026 | Common Stock | 1,400,000 | 1,400,000 | D |
| Stock Option (right to buy)F2 | $0.06 | holding | — | — | — | Aug 7, 2016 | Aug 7, 2025 | Common Stock | 500,000 | 500,000 | D |
| Stock Option (right to buy)F4 | $0.11 | holding | — | — | — | Aug 1, 2010 | Jul 24, 2019 | Common Stock | 1,000,000 | 1,000,000 | D |
| Stock Option (right to buy)F5 | $0.04 | holding | — | — | — | Aug 1, 2010 | Aug 8, 2018 | Common Stock | 1,000,000 | 1,000,000 | D |
| Stock Option (right to buy)F6 | $0.13 | holding | — | — | — | Aug 1, 2011 | Aug 1, 2020 | Common Stock | 1,000,000 | 1,000,000 | D |
| Stock Option (right to buy)F7 | $0.10 | holding | — | — | — | Sep 2, 2015 | Sep 2, 2024 | Common Stock | 500,000 | 500,000 | 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.
- F2Stock Options granted on August 7, 2015 will vest as follows: 33.3% on August 7, 2016, 33.3% on August 7, 2017 and 33.4% on August 7, 2018.
- F3Stock Options granted on August 8, 2008 vested as follows: 33.3% on August 1, 2009, 33.3% on August 1, 2010 and 33.4% on August 1, 2011.
- F4Stock Options granted on July 24, 2009 vested as follows: 33.3% on August 1, 2010, 33.3% on August 1, 2011 and 33.4% on August 1, 2012.
- F5Stock Options granted on August 8, 2008 vested as follows: 33.3% on August 1, 2010, 33.3% on August 1, 2011 and 33.4% on August 1, 2012.
- F6Stock Options granted on August 1, 2010 vested as follows: 33.3% on August 1, 2011, 33.3% on August 1, 2012 and 33.4% on August 1, 2013.
- F7Stock Options granted on September 2, 2014 vested as follows: 33.3% on September 2, 2015, 33.3% on September 2, 2016 and 33.4% on September 2, 2017.