SEC Form 4 · accession 0001415889-18-000173
IMAGEWARE SYSTEMS INC · IWSY
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Robert T Clutterbuck
Director
Period of report
Jan 31, 2018
Accepted (ET)
Feb 2, 2018 · 5:33 pm EST
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 | $1.75 | Jan 31, 2018 | A | 10,000 | A | — | Jan 31, 2028 | Common Stock | 10,000 | 10,000 | D |
| Stock OptionsF2 | $1.75 | Jan 31, 2018 | A | 36,000 | A | — | Jan 31, 2028 | Common Stock | 36,000 | 36,000 | D |
Explanation of responses
- F1One third of the options will vest on the one-year anniversary of the grant date, with the remainder vesting equally in eight quarterly installments thereafter.
- F2Options issued in lieu of board fees in connection with the Reporting Person's service on the Issuer's Board of Directors. Options will begin vesting immediately, and will vest ratably over the next 12 months.