SEC Form 4 · accession 0001021890-16-000041
PROCYON CORP · PCYN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Justice Wolfe Anderson
Officer — VP of Sales and Marketing · Director · 10% Owner
Period of report
Sep 27, 2016
Accepted (ET)
Oct 4, 2016 · 2:45 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000812306
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common stockF1,F2 | holding | — | — | — | 3,350,500 | I | Trustee of Trust | |
| Common stockF2 | holding | — | — | — | 75,000 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock OptionF3 | $0.15 | Jun 30, 2016 | A | 40,000 | A | Dec 30, 2016 | Jun 29, 2026 | Common Stock | 40,000 | 40,000 | D |
Explanation of responses
- F1Shares of common stock beneficially owned as Trustee of a Trust.
- F2No change from previous report; shown only to reflect current holdings
- F3The stock options were earned pursuant to the reporting person's executive employment agreement on, and therefore dated, 6/30/16. But the option agreement was executued by the Compensation Committee and delivered to the reporting person on 9/27/16.