SEC Form 4 · accession 0001008331-16-000002
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
Apr 1, 2016
Accepted (ET)
May 2, 2016 · 3:41 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 | holding | — | — | — | 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 | — | Apr 1, 2016 | J | 850,000 | A | — | — | Common Stock | 850,000 | 0 | D |
| Common Stock Purchase OptionF2 | $0.12 | Apr 1, 2016 | A | 850,000 | A | — | Apr 1, 2026 | Common Stock | 850,000 | 850,000 | D |
Explanation of responses
- F1Options to purchase 125,000 shares of common stock which had exercise prices ranging from $.45 to $.80, vested immediately on date of grant and had a term of 10 years from date of grant were terminated by the company. In addition, options to purchase 725,000 shares of common stock which had exercise prices ranging from $.23 to $.36, vested equally over a period of 5 years from date of grant and had a term of 10 years from date of grant were terminated by the company.
- F2Options to purchase 250,000 shares of common stock vest immediately on the date of grant. Options to purchase 600,000 shares of common stock vest equally over a 4 year term starting October 1, 2016.