SEC Form 4 · accession 0001225208-15-016709
ANDREA ELECTRONICS CORP · ANDR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Douglas J Andrea
Officer — President & CEO · Director · 10% Owner
Period of report
Aug 7, 2015
Accepted (ET)
Aug 11, 2015 · 3:29 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 7, 2015 | M | 100,000 | $0.05 | A | 344,700 | 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)F1 | $0.06 | Aug 7, 2015 | A | 500,000 | A | Aug 7, 2016 | Aug 7, 2025 | Common Stock | 500,000 | 500,000 | D |
| Stock Option (right to buy) | $0.05 | Aug 7, 2015 | M | 100,000 | D | Nov 10, 2005 | Aug 10, 2015 | Common Stock | 100,000 | 500,000 | D |
| Stock Option (right to buy) | $0.04 | holding | — | — | — | Feb 4, 2006 | Aug 4, 2015 | Common Stock | 250,000 | 250,000 | D |
| Stock Option (right to buy)F2 | $0.12 | holding | — | — | — | Aug 1, 2007 | Nov 2, 2016 | Common Stock | 1,000,000 | 1,000,000 | D |
| Stock Option (right to buy)F3 | $0.12 | holding | — | — | — | Aug 1, 2007 | Nov 16, 2016 | Common Stock | 1,000,000 | 1,000,000 | D |
| Stock Option (right to buy)F4 | $0.04 | holding | — | — | — | Aug 1, 2009 | Aug 8, 2018 | Common Stock | 2,000,000 | 2,000,000 | D |
| Stock Option (right to buy)F5 | $0.11 | holding | — | — | — | Aug 1, 2010 | Jul 24, 2019 | Common Stock | 1,000,000 | 1,000,000 | D |
| Stock Option (right to buy)F6 | $0.04 | holding | — | — | — | Aug 1, 2010 | Aug 8, 2018 | Common Stock | 1,000,000 | 1,000,000 | D |
| Stock Option (right to buy)F7 | $0.13 | holding | — | — | — | Aug 1, 2011 | Aug 1, 2020 | Common Stock | 1,000,000 | 1,000,000 | D |
| Stock Option (right to buy)F8 | $0.10 | holding | — | — | — | Sep 2, 2015 | Sep 2, 2024 | Common Stock | 500,000 | 500,000 | D |
| Stock Option (right to buy)F9 | $0.11 | holding | — | — | — | Sep 12, 2008 | Sep 12, 2017 | Common Stock | 1,000,000 | 1,000,000 | D |
Explanation of responses
- F1Stock 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.
- F2Stock Options granted on November 2, 2006 will vest as follows: 33.3% on August 1, 2007, 33.3% on August 1, 2008 and 33.4% on August 1, 2009.
- F3Stock Options granted on November 16, 2006 will vest as follows: 333,000 shares on August 1, 2007, 333,000 shares on August 1, 2008 and 334,000 shares on August 1, 2009.
- F4Stock Options granted on August 8, 2008 will vest as follows: 33.3% on August 1, 2009, 33.3% on August 1, 2010 and 33.4% on August 1, 2011.
- F5Stock Options granted on July 24, 2009 will vest 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 8, 2008 will vest as follows: 33.3% on August 1, 2010, 33.3% on August 1, 2011 and 33.4% on August 1, 2012.
- F7Stock Options granted on August 1, 2010 will vest as follows: 33.3% on August 1, 2011, 33.3% on August 1, 2012 and 33.4% on August 1, 2013.
- F8Stock Options granted on September 2, 2014 will vest as follows: 33.3% on September 2, 2015, 33.3% on September 2, 1016 and 33.4% on September 2, 2017.
- F9Stock Options granted on September 12, 2007 will vest as follows: 33.3% on September 12, 2008, 33.3% on September 12, 2009 and 33.4% on September 12, 2010.