SEC Form 4 · accession 0001654954-17-006173
Paybox Corp. · PBOX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John J. Murabito
Director
Period of report
Jun 30, 2017
Accepted (ET)
Jul 5, 2017 · 3:24 pm EDT
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,F3 | Jun 30, 2017 | A | 57 | $0.00 | A | 2,400 | 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 Director' 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.
- F3Reflects the reverse stock split effectuated by the Issuer on May 3, 2017, pursuant to which every 200 shares of common stock, $0.0001 par value per share, of the Issuer, which were issued and outstanding immediately prior to the reverse stock split, were combined into one issued and outstanding share of the Issuer's common stock. The number also reflects a 50% reduction, as of May 3, 2017, in the stock grants issued to the Reporting Person by the Issuer on January 1, 2017 and 2016, respectively, which vest daily over a two-year period and which 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.