SEC Form 4 · accession 0001209191-16-138078
EVINE Live Inc. · EVLV
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Robert Rosenblatt
Officer — CEO · Director
Period of report
Aug 18, 2016
Accepted (ET)
Aug 22, 2016 · 3:25 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 | Aug 18, 2016 | A | 625,000 | $0.00 | A | 988,427 | 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)F2 | $1.60 | Aug 18, 2016 | A | 375,855 | A | Mar 28, 2017 | Mar 28, 2026 | Common Stock | 375,855 | 375,855 | D |
Explanation of responses
- F1The restricted stock grant shall vest one-third upon the effective date, one-third when the per-share closing price of the Company's stock reaches or exceeds an average trading price of $4 for twenty consecutive trading days and the reporting person has been continuously employed for at least one year from the effective date, and the remaining shares when the per-share closing price of the Company's stock reaches or exceeds an average trading price of $6 for twenty consecutive trading days and the reporting person has been continuously employed for at least two years after the effective date.
- F2The option vests in three equal installments beginning on 3/28/2017 and the subsequent two anniversaries of that date.