SEC Form 4 · accession 0001140361-15-000587
Paybox Corp. · PBOX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
James A Cannavino
Director
Period of report
Dec 31, 2014
Accepted (ET)
Jan 5, 2015 · 6:58 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000879703
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock, par value $.0001 per shareF1,F2 | Dec 31, 2014 | A | 3,378 | $0.00 | A | 2,557,461 | D | |
| Common Stock, par value $.0001 per shareF3,F4 | Jan 1, 2015 | A | 33,784 | $0.00 | A | 2,591,245 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents shares of common stock that the Reporting Person elected to receive in lieu of cash director fees.
- F2Pursuant to the Directors' Deferred Compensation Plan of the Issuer, the Reporting Person has elected to defer receipt of the shares until January 15th of the year following his termination of service as director.
- F3Represents an annual grant of shares of restricted stock as compensation for service as a director of the Issuer.
- F4The shares vest daily over a two-year period. Pursuant to the Directors' Deferred Compensation Plan of the Issuer, the Reporting Person has elected to defer receipt of the shares until January 15th of the year following his termination of service as director.