SEC Form 4 · accession 0001354488-16-007730
INFINITE GROUP INC · IMCI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Andrew T. Hoyen
Officer — EVP - Chief Admin Officer
Period of report
Jun 1, 2016
Accepted (ET)
Jun 3, 2016 · 3:02 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000884650
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Jun 1, 2016 | P | 50,000 | $0.016 | A | 105,000 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| OptionF1 | $0.04 | holding | — | — | — | — | Sep 30, 2019 | Common Stock | 500,000 | 500,000 | D |
| OptionF2 | $0.02 | holding | — | — | — | — | Jun 1, 2026 | Common Stock | 250,000 | 250,000 | D |
Explanation of responses
- F1The option is exercisable to purchase 200,000 common shares beginning on October 1, 2014, grant date, and to purchase an additional 300,000 common shares based on meeting specific sales performance criteria.
- F2The option was awarded on June 2, 2016, grant date, and is immediately exercisable.