SEC Form 4 · accession 0001437749-17-001556
Hyperscale Data, Inc. · GPUS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Amos Kohn
Officer — President and CEO · Director
Period of report
Nov 30, 2016
Accepted (ET)
Feb 2, 2017 · 5:23 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000896493
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| OptionsF1 | $0.65 | Nov 22, 2016 | A | 1,000,000 | A | — | Nov 3, 2026 | Common Stock | 1,000,000 | 0 | D |
| Options | $0.00 | Nov 22, 2016 | D | 385,000 | D | Jan 28, 2017 | Jan 28, 2017 | Common Stock | 385,000 | 1,000,000 | D |
Explanation of responses
- F1Pursuant to an employment agreement entered into on November 30, 2016 and reported on Form 8-K, effective November 3, 2106. Mr. Kohn was granted options to purchase 1,000,000 shares of common stock. The options have the following vesting schedule: 500,000 shares of Common Stock shall vested on September 22, 2016; (2) options to purchase 250,000 shares of Common Stock vest ratably over six months beginning October 2016; and (3) options to purchase 250,000 shares of common stock shall vest ratably over twelve months beginning October 2016.
- F2In consideration of the option grant above, 535,000 options previously granted were forfeited.