SEC Form 4 · accession 0001415889-15-003100
IMAGEWARE SYSTEMS INC · IWSY
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Wayne G Wetherell
Officer — SR. VP AND CFO
Period of report
Sep 14, 2015
Accepted (ET)
Sep 16, 2015 · 5:51 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000941685
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 OptionsF1 | $1.73 | Sep 14, 2015 | A | 150,000 | A | — | Sep 14, 2025 | Common Stock | 150,000 | 150,000 | D |
Explanation of responses
- F175,000 of the options reported herein will only vest upon the achievement of certain operational milestones. One third of the remaining 75,000 options will vest on the one-year anniversary of the grant date, with the remainder vesting equally in eight quarterly installments thereafter.