SEC Form 4 · accession 0001437749-15-021353
LIGHTING SCIENCE GROUP CORP · LSCG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Donald R Harkleroad
Director
Period of report
Nov 19, 2015
Accepted (ET)
Nov 23, 2015 · 4:51 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000866970
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Nov 19, 2015 | D | 240,000 | — | D | 643,014 | D | |
| Common StockF2 | holding | — | — | — | 281,199 | I | By The Bristol Company |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Non-Qualified Stock Option (Right to Buy)F3 | $0.13 | Nov 19, 2015 | A | 515,021 | A | — | Nov 19, 2025 | Common Stock | 515,021 | 515,021 | D |
Explanation of responses
- F1Represents the cancellation of restricted shares of common stock of Lighting Science Group Corporation (the "Issuer"), par value $0.001 per share (each, a "Share"), which were originally granted to the reporting person on March 24, 2015 by the Issuer's board of directors as compensation for the reporting person's service during 2015 as (i) a member of the Issuer's board of directors, (ii) a member and chair of the Issuer's committee of independent directors and (iii) a member and chair of the Issuer's audit committee. The cancelled Shares would have vested in full on January 1, 2016. The reporting person received a stock option representing the right to purchase 515,021 Shares as consideration for the cancellation.
- F2The reporting person is the sole shareholder of The Bristol Company and as such may be deemed to beneficially own the shares held by The Bristol Company.
- F3Represents a stock option granted to the reporting person on November 19, 2015 as consideration for the cancellation of 240,000 restricted Shares. This stock option will vest in full on January 1, 2016.