SEC Form 4 · accession 0001008331-15-000001
AMERICAN POWER GROUP Corp · APGI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Maurice E Needham
Officer — Chairman · Director
Period of report
Jun 9, 2015
Accepted (ET)
Jun 12, 2015 · 12:19 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000932699
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Jun 9, 2015 | P | 50,000 | $0.14 | A | 1,438,339 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Common Stock Purchase OptionsF1 | — | holding | — | — | — | — | — | Common Stock | 850,000 | 850,000 | D |
Explanation of responses
- F1Options to purchase 125,000 shares of common stock have exercise prices ranging from $.45 to $.80 per share, vest immediately upon issuance and have a term of 10 years from date of grant. Options to purchase 725,000 shares of common stock have exercise prices ranging from $.23 to $.36 per share, vest equally over a 5 year term from date of grant and have a 10 year term from date of grant.