UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | SEC 1473 (7-02) | ||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. |
1. Title of Derivative Security (Instr. 4) |
2. Date Exercisable and Expiration Date (Month/Day/Year) |
3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) |
4. Conversion or Exercise Price of Derivative Security | 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5) |
6. Nature of Indirect Beneficial Ownership (Instr. 5) |
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Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||
Incentive Stock Options | (1) | 11/16/2023 | Common Stock | 10,000 | $ 3.5 | D | |
Incentive Stock Options | (1) | 11/16/2023 | Common Stock | 10,000 | $ 4.5 | D | |
Restricted Stock Units | (2) | (3) | Common Stock | 30,000 | $ (3) | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Glick Frederick L 7621 LITTLE AVE STE 414 CHARLOTTE,, NC 28226 |
PRESIDENT |
/s/ Frederick L Glick | 12/20/2018 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 5(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) | Except as provided under the Agreement, 10,000 options vest as to one-eighth of the underlying Shares in eight quarterly installments o the first day of each fiscal quarter during Executive's continued employment with the Corporation commencing January 1, 2019. |
(2) | Except as provided under the Agreement, 20,000 RSUs vest as to one-eighth of the underlying Shares in eight quarterly installments on the first day of each fiscal quarter during Executive's continued employment with the Corporation commencing January 1, 2019. |
(3) | There is expiration date and no exercise price once the RSU vest; the shares are automatically issued. |