SEC Form 4 · accession 0001299116-15-000003
Omagine, Inc. · OMAG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Frank J Drohan
Officer — President & CEO · Director · 10% Owner
Period of report
Aug 31, 2015
Accepted (ET)
Sep 3, 2015 · 3:52 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000820600
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 Appreciation RightsF1,F2 | $2.00 | Aug 31, 2015 | A | 675,000 | A | Aug 31, 2015 | Dec 31, 2017 | Common Stock | 675,000 | 675,000 | D |
Explanation of responses
- F1Stock Appreciation Rights ("SARs") were granted to the Reporting Person on August 31, 2015 pursuant to a Board of Directors resolution.
- F2All SARs vested as of the August 31, 2015 grant date and all SARs expire on December 31, 2017 being exercisable and payable only in the Corporation's $0.001 par value Common Stock.