SEC Form 4 · accession 0001571049-15-005429
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
Jun 30, 2015
Accepted (ET)
Jul 1, 2015 · 5:28 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (right to buy)F1 | $3.60 | Jun 30, 2015 | D | 166,667 | D | — | Jun 30, 2015 | Common Stock | 166,667 | 0 | D |
| Employee Stock Option (right to buy)F1 | $3.60 | Jun 30, 2015 | A | 166,667 | A | Jun 30, 2015 | Jun 30, 2020 | Common Stock | 166,667 | 166,667 | D |
Explanation of responses
- F1The two reported transactions involve an amendment of an outstanding option to extend the expiration date of such option from June 30, 2015 to June 30, 2020, resulting in the deemed cancellation of the "old" option and the grant of a replacement option. The option was originally granted on July 1, 2010 and provided for vesting (i) with respect to 25% of the underlying shares on the original date of grant and (ii) with respect to the remaining underlying shares, ratably each anniversary thereafter until fully vested on the third anniversary of the original date of grant.