SEC Form 4 · accession 0001437749-15-007767
Speed Commerce, Inc. · SPDC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Rebecca Lynn Atchison
Director
Period of report
Apr 21, 2015
Accepted (ET)
Apr 21, 2015 · 4:53 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000911650
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (right to buy)F1,F2 | $3.52 | Apr 21, 2015 | D | 50,000 | D | — | Oct 23, 2023 | Common Stock | 50,000 | 0 | D |
| Stock Option (right to buy)F3,F4 | $3.65 | Apr 21, 2015 | D | 12,000 | D | — | Apr 1, 2025 | Common Stock | 12,000 | 0 | D |
Explanation of responses
- F1By mutual agreement of the issuer and the reporting person, on April 21, 2015, in exchange for nominal consideration of $1.00 and no other value received, the issuer cancelled an option to purchase 50,000 shares of common stock. This Form 4 is being filed by the reporting person to report the cancellation of these options.
- F2These stock options were originally intended to vest in three installments on the anniversary of the grant date over a three-year period such that all options would be vested by October 23, 2016. 100% of these options have been cancelled as of April 21, 2015.
- F3By mutual agreement of the issuer and the reporting person, on April 21, 2015, in exchange for nominal consideration of $1.00 and no other value received, the issuer cancelled an option to purchase 12,000 shares of common stock. This Form 4 is being filed by the reporting person to report the cancellation of these options.
- F4These stock options were originally intended to vest in three installments on the anniversary of the grant date over a three-year period such that all options would be vested by April 1, 2017. 100% of these options have been cancelled as of April 21, 2015.