4//SEC Filing
CIG WIRELESS CORP. 4
Accession 0000905718-15-000100
CIK 0001432754operating
Filed
Jan 22, 7:00 PM ET
Accepted
Jan 23, 8:04 PM ET
Size
6.4 KB
Accession
0000905718-15-000100
Insider Transaction Report
Form 4
McGinn Paul
DirectorChief Executive Officer
Transactions
- Disposition to Issuer
Common Stock
2015-01-21−84,821→ 6,263,805 total
Footnotes (3)
- [F1]On February 27, 2014, CIG Wireless Corp. (the "Company") issued Mr. Paul McGinn, the Company's Chief Executive Officer, 5,561,866 shares of the Company's restricted common stock, par value $0.00001 ("Restricted Stock") pursuant to the Company's 2014 Equity Incentive Plan (the "2014 Plan"). The Company's Restricted Stock is subject to the vesting and other provisions set forth in the award agreement (the "Award Agreement") pursuant to which such shares of Restricted Stock were issued to Mr. McGinn.
- [F2]A copy of the 2014 Plan was filed as Exhibit 10.56 to the Company's Registration Statement on Form S-8 filed with the U.S. Securities and Exchange Commission (the "SEC") on February 25, 2014, and a copy of the Award Agreement was filed as Exhibit 10.58 to the Company's Current Report on Form 8-K that was filed with the SEC on March 5, 2014, describing the 2014 Plan. Pursuant to the Award Agreement, in the event that the Company issues certain securities, Mr. McGinn is entitled to receive additional shares of Restricted Stock for anti-dilution purposes.
- [F3]Effective as of January 21, 2015, the Company and Mr. McGinn agreed to and acknowledged the cancellation and disposition to the Company of 84,821 shares of Restricted Stock held by Mr. McGinn. The 84,821 shares of Restricted Stock held by Mr. McGinn were canceled and disposed of to the Company for no value, as approved by the Company's board of directors. The cancellation was effected to correct the overstated calculation of previous issuances in respect of the anti-dilution protection described above.
Documents
Issuer
CIG WIRELESS CORP.
CIK 0001432754
Entity typeoperating
IncorporatedNY
Related Parties
1- filerCIK 0001432754
Filing Metadata
- Form type
- 4
- Filed
- Jan 22, 7:00 PM ET
- Accepted
- Jan 23, 8:04 PM ET
- Size
- 6.4 KB