SEC Form 4 · accession 0001539160-15-000012
ODYSSEY MARINE EXPLORATION INC · OMEX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Mark Gordon
Officer — CEO & President · Director
Period of report
Jan 2, 2015
Accepted (ET)
Jan 6, 2015 · 5:16 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000798528
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock Unit (RSU)F1,F2 | — | Jan 2, 2015 | A | 137,700 | A | — | Dec 20, 2017 | Common Stock | 137,700 | 137,700 | D |
| Stock Option (Right to Buy)F3 | $1.04 | Jan 2, 2015 | A | 472,000 | A | — | Dec 31, 2024 | Common Stock | 472,000 | 472,000 | D |
| Performance Restricted Stock Units (PRSU)F1,F4,F5 | — | Jan 2, 2015 | A | 15,300 | A | — | — | Common Stock | 15,300 | 15,300 | D |
Explanation of responses
- F1RSU and PRSU represent a contingent right to receive one share of OMEX common stock.
- F2RSU vest in three equal annual installments on December 20, 2015, 2016 and 2017.
- F3Stock Options vest in one-third of the options granted on December 31, 2015 and 1/36th of the options granted monthly thereafter until December 31, 2017.
- F4Each PRSU vests upon achievement of annual performance criteria for the period ending December 15, 2015 in one-third of the units granted on each of December 20, 2015, 2016 and 2017.
- F5The PRSU expire on December 20, 2017, but will terminate on December 15, 2015, if the performance criteria are not met.