SEC Form 4 · accession 0001213900-17-003517
Meridian Waste Solutions, Inc. · MRDN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Thomas J Cowee
Director
Period of report
Dec 31, 2016
Accepted (ET)
Apr 7, 2017 · 6:22 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000949721
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock, par value $0.025 per shareF2,F1 | Dec 31, 2016 | A | 962 | $0.00 | A | 4,712 | D | |
| Common Stock, par value $0.025 per shareF3,F1,F2 | Mar 31, 2017 | A | 2,044 | $0.00 | A | 6,756 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Effective November 3, 2016, the Issuer completed a 1-for-20 reverse stock split. All share amounts contained herein reflect such reverse stock split.
- F2Pursuant to his Director Agreement with the Company, for his services as a member of the Board of Directors, the Reporting Person receives, on the last day of each quarter, the number of shares of the Company's common stock equivalent to Seven Thousand Five Hundred Dollars ($7,500) as determined based on the average closing price on the three trading days immediately preceding the last day of such quarter. The average closing price on the three trading days immediately preceding December 31, 2016 was $7.80.
- F3Pursuant to his Director Agreement with the Company, for his services as a member of the Board of Directors, the Reporting Person receives, on the last day of each quarter, the number of shares of the Company's common stock equivalent to Seven Thousand Five Hundred Dollars ($7,500) as determined based on the average closing price on the three trading days immediately preceding the last day of such quarter. The average closing price on the three trading days immediately preceding March 31, 2017 was $3.67.