SEC Form 4 · accession 0001140361-15-014354
Paybox Corp. · PBOX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Lowell Rush
Officer — CFO, Secretary & Treasurer
Period of report
Mar 31, 2015
Accepted (ET)
Apr 3, 2015 · 3:30 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000879703
Table I — non-derivative securities
No Table I lines on this filing.
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,F1 | $0.90 | Mar 31, 2015 | A | 90,000 | A | — | Mar 31, 2020 | Common Stock, par value $.0001 per share | 90,000 | 170,000 | D |
Explanation of responses
- F1The options vest over a three-year period, with (i) 30,000 of such options vesting on March 31, 2016, (ii) 30,000 of such options vesting on March 31, 2017, and (iii) the remaining 30,000 of such options vesting on March 31, 2018.
- F2Includes 80,000 options that were granted on December 19, 2013 that vest over a four-year period, with (i) 20,000 of such options vesting on December 19, 2014, and (ii) the remaining balance of such options vesting in increments of 1,667 on the 19th day of each month beginning on January 19, 2015 and 1,655 shares on December 19, 2017. The foregoing sentence revises the description of the vesting of such options that was included in the Reporting Person's Form 4 filed with the Securities and Exchange Commission on December 23, 2013.