SEC Form 4 · accession 0001144204-16-091694
EVINE Live Inc. · EVLV
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Nick Vassallo
Officer — SVP, Corporate Controller
Period of report
Mar 28, 2016
Accepted (ET)
Mar 30, 2016 · 8:55 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000870826
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Mar 28, 2016 | P | 16,700 | $0.853 | A | 55,407 | D | |
| Common StockF2,F3 | Mar 28, 2016 | A | 46,023 | $0.00 | A | 101,430 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (right to buy)F4,F5 | $0.6636 | Mar 28, 2016 | A | 68,660 | A | — | Mar 28, 2026 | Common Stock | 68,660 | 68,660 | D |
Explanation of responses
- F1The price reported in column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $0.8443 to $0.8595, inclusive. The reporting person undertakes to provide to the SEC, EVINE Live Inc. (the "Company"), or any securityholder of the Company, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in footnote (1) to this Form 4.
- F2Represents a grant of restricted stock as a long term incentive award issued pursuant to the Company's 2011 Omnibus Incentive Plan. The award vests in three equal installments on each of the first three anniversaries of the date of grant.
- F3This amount includes 60,072 shares of restricted stock that were issued pursuant to the Company's 2011 Omnibus Incentive Plan and are subject to vesting. Of these 60,072 shares of restricted stock, (x) 2,833.5 shares vested on November 25, 2015 and an additional 2,833.5 shares will vest on November 25, 2016, (y) 2,794 shares vested on March 20, 2016 and an additional 5,588 shares will vest in two equal annual installments on March 20, 2017 and March 20, 2018, respectively, and (z) 46,023 shares will vest in three equal annual installments on March 28, 2017, March 28, 2018 and March 28, 2019.
- F4Grant issued effective as of March 28, 2016 as a long term incentive award pursuant to the Company's 2011 Omnibus Incentive Plan.
- F5The award vests in three equal installments on each of the first three anniversaries of the date of grant.