SEC Form 4 · accession 0001144204-18-054178
BNB PLUS CORP. · BNBX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
James A Hayward
Officer — Chairman, CEO and President · Director · 10% Owner
Period of report
Oct 17, 2018
Accepted (ET)
Oct 17, 2018 · 2:23 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000744452
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (right to buy)F1 | $5.82 | Oct 17, 2018 | D | 833,334 | D | — | Oct 17, 2018 | Common Stock | 833,334 | 0 | D |
| Stock Option (right to buy) | $5.82 | Oct 17, 2018 | A | 833,334 | A | Oct 17, 2018 | Oct 17, 2023 | Common Stock | 833,334 | 833,334 | D |
Explanation of responses
- F1The two reported transactions involve an amendment of an outstanding option to extend the expiration date of such option from October 17, 2018 to October 17, 2023, resulting in the deemed cancellation of the "old" option and the grant of a replacement option. The option was originally granted on October 17, 2013 and provided for vesting (i) with respect to 25% of the underlying shares on the anniversary of the original date of grant and (ii) with respect to the remaining underlying shares, ratably each anniversary thereafter until fully vested on the fourth anniversary of the original date of grant.