SEC Form 3 · accession 0001615774-19-002565
APPLIED ENERGETICS, INC. · AERG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John E. Schultz Jr.
Director
Period of report
Nov 11, 2018
Accepted (ET)
Feb 14, 2019 · 6:21 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000879911
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | holding | — | — | — | 602,302 | D | ||
| Common Stock | holding | — | — | — | 770,322 | I | By Spouse | |
| Common Stock | holding | — | — | — | 500,000 | I | By Oak Tree Asset Management Ltd., of which reporting person controls |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Options (right to buy)F1 | $0.07 | holding | — | — | — | — | Nov 12, 2028 | common stock | 2,500,000 | — | D |
Explanation of responses
- F1The options granted to Mr. Schultz vest immediately as to 900,000 shares and 100,000 shares per month thereafter through February of 2020. Additionally, with respect to 1,250,000 shares, these options will be exercisable in the amount of 500,000 shares upon the 20-day moving average share price reaching $0.15 per share, another 500,000 shares at $0.25 per share and 250,000 shares at $0.50 per share. Mr. Schultz does not receive a salary for his services to the company.