SEC Form 4 · accession 0001354488-16-006560
Meridian Waste Solutions, Inc. · MRDN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jeffrey Scott Cosman
Officer — CEO, Chairman · Director · 10% Owner
Period of report
Mar 11, 2016
Accepted (ET)
Mar 14, 2016 · 9:07 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 shareF1 | Mar 11, 2016 | A | 25,000 | $0.00 | A | 11,886,652 | D | |
| Common Stock, par value $0.025 per shareF2,F3 | Mar 11, 2016 | A | 4,253,074 | $0.00 | A | 11,886,652 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Nonqualified OptionsF3 | $1.71 | Mar 11, 2016 | A | 75,000 | A | — | Mar 10, 2021 | Common stock | 75,000 | 0 | D |
Explanation of responses
- F1This amount is comprised of (i) 8,063,843 shares of common stock owned directly by Mr. Cosman and (ii) 3,822,809 shares of common stock owned by Here to Serve Holding Corp., a company for which Mr. Cosman is the Chief Executive Officer and sole director, and accordingly, has sole voting and dispositive power.
- F2Mr. Cosman received a restricted stock award of 4,253,074 issued pursuant to the Company?s 2016 Equity and Incentive Plan and in accordance with the terms and conditions thereof and of the Employment Agreement between the Company and Mr. Cosman and the Restricted Stock Agreement between the Company and Mr. Cosman. Pursuant to such documents the shares underlying such award will not vest until January 1, 2017, provided that, as of such date, Mr. Cosman remains employed by the Company and the Company has achieved certain milestones in the 2016 fiscal year.
- F3This amount is comprised of (i) 8,063,843 shares of common stock owned directly by Mr. Cosman and (ii) 3,822,809 shares of common stock owned by Here to Serve Holding Corp., a company for which Mr. Cosman is the Chief Executive Officer and sole director, and accordingly, has sole voting and dispositive power. This amount does not include 4,253,074 shares of restricted stock that has not yet vested.