SEC Form 4 · accession 0001247176-16-000003
AMERICAN POWER GROUP Corp · APGI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Charles Coppa
Officer — CFO and Treasurer
Period of report
Apr 25, 2016
Accepted (ET)
Apr 29, 2016 · 4:08 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 | — | — | — | 772,494 | 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 OptionF1 | — | Apr 25, 2016 | J | 707,000 | D | — | — | Common Stock | 707,000 | 0 | D |
| Common Stock Purchae Option | $0.10 | Apr 25, 2016 | A | 700,000 | A | Apr 25, 2016 | Apr 25, 2026 | Common Stock | 700,000 | 700,000 | D |
| Common Stock Purchase OptionF2 | $0.10 | Apr 25, 2016 | A | 500,000 | A | — | — | Common Stock | 500,000 | 1,200,000 | D |
| Common Stock Purchase OptionsF3 | $0.10 | Apr 25, 2016 | A | 800,000 | A | — | — | Common Stock | 800,000 | 2,000,000 | D |
Explanation of responses
- F1Options to purchase 125,000 shares of common stock having exercise prices ranging from $.45 to $.80 per share which vested immediately upon date of grant and had a term of 10 years from date of grant were terminated by the company. Options to purchase 582,000 shares of common stock having exercise prices ranging from $.23 to $.36 per share which vested equally over a 5 year term from date of grant and had a term of 10 years from date of grant were terminated by the company.
- F2The options vest equally over a 5 year period from date of grant and have a term of 10 years from date of grant.
- F3The options are exercisable in annual increments of 200,000 commencing in 2017 and ending in 2020 based on achievement of pre-determined performance goals set by the company's Board of Directors. The options have a term of 10 years from date of grant.