SEC Form 4 · accession 0001354488-16-005811
Paybox Corp. · PBOX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Paul Lisiak
Director
Period of report
Jan 1, 2016
Accepted (ET)
Jan 6, 2016 · 4:28 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 | Jan 1, 2016 | A | 40,453 | $0.00 | A | 178,592 | D | |
| Common Stock, par value $.0001 per shareF3,F4 | holding | — | — | — | 1,782,703 | I | . |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents an annual grant of shares of restricted stock as compensation for service as a director of the Issuer.
- F2The 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.
- F3The Reporting Person is the Managing Partner of Metropolitan Equity Partners, LLC, which is the Manager of Metropolitan GP Holdings, LLC, Series METVP II ("MetGP II") and Metropolitan GP Holdings, LLC, Series MEIH19 ("MetGP"). MetGP II is the general partner of Metropolitan Venture Partners II, L.P. ("MetVP II") and MetGP is the general partner of Metropolitan MEIH19, LP ("MEIH19"). Pursuant to Rule 16a-1(a)(4) under the Exchange Act, this filing shall not be deemed an admission that, for purposes of Section 16 of the Exchange Act or otherwise, the Reporting Person is or was the beneficial owner of the securities owned by any of the aforementioned entities other than to the extent of his pecuniary interest in such shares.
- F4Includes 1,568,492 shares owned by MetVP II and 214,211 shares owned by MEIH19. See explanatory note (3).