SEC Form 4 · accession 0001140361-16-071795

VASO Corp · VASO

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Director · 10% Owner

Period of report

Jul 5, 2016

Accepted (ET)

Jul 6, 2016 · 4:22 pm EDT

Rule 10b5-1 plan

unknown — predates the checkbox

Issuer CIK

0000839087

Table I — non-derivative securities

Security	Date	Code	Shares	Price	A/D	Owned after	D/I	Nature of ownership
Common Stock^F5	Jul 5, 2016	A	150,000	—	A	12,209	D
Common Stock^F1	holding	—	—		—	17,815,007	I	By Living Data Technology Corporation
Common Stock^F3	holding	—	—		—	12,059,025	D
Common Stock^F4,F2	holding	—	—		—	25,714,286	I	By Kerns Manufacturing Corp.

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
2004 Stock Option/Stock Issuance Plan^F6	$0.12	holding	—	—	—	—	Jul 25, 2017	Common Stock	150,000	150,000	D

F1The reporting person and the Estate of his brother Louis Srybnik each own 35% of the outstanding shares of Living Data Technology Corp. The reporting person, accordingly, shares with the Estate of his brother voting and dispositive powers over these shares and, as a result, may be deemed to be the co-beneficial owner thereof.
F2The reporting person and the Estate of his brother Louis Srybnik are the sole shareholders of Kerns Manufacturing Corp., each owning 50% of the shares. The reporting person, accordingly, shares with the Estate of his brother voting and dispositive powers over the shares and, as a result, may be deemed to be the co-beneficial owner thereof.
F3Includes 11,460,900 shares issued upon conversion of Series E Convertible Preferred Stock.
F44,285,714 shares represent common stock issued upon exercise of Warrant issued on June 21, 2007 to Kerns Manufacturing Corp.
F5Restricted shares of which 50,000 vest immediately with the remaining shares contingently vesting as follows: 50,000 on July 5, 2017 and 50,000 on July 5, 2018.
F6Options vest immediately.