SEC Form 4 · accession 0001652584-16-000002
Omagine, Inc. · OMAG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Alan M. Matus
Director
Period of report
Jan 18, 2016
Accepted (ET)
Jan 20, 2016 · 4:17 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000820600
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Jan 18, 2016 | A | 38,462 | — | A | 63,462 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The Reporting Person was issued 38,462 restricted Shares of the Company's Common Stock on January 18, 2016 pursuant to the Issuer's compensation policy for all non-employee independent directors serving on its Board of Directors which provides for $50,000 of the $100,000 annual retainer payable to the Reporting Person in restricted Common Stock valued at the last sale price of the Company's Common Stock on the last trading day of the prior fiscal year. The Shares were valued at $1.30, the last sale price of the Company's publicly traded Common Stock on December 31, 2015.