4//SEC Filing
CIG WIRELESS CORP. 4
Accession 0000905718-15-000107
CIK 0001432754operating
Filed
Jan 22, 7:00 PM ET
Accepted
Jan 23, 8:18 PM ET
Size
8.6 KB
Accession
0000905718-15-000107
Insider Transaction Report
Form 4
Gay-Crosier Romain
Chief Financial Officer
Transactions
- Disposition to Issuer
Common Stock
2015-01-21−8,477→ 621,383 total - Disposition to Issuer
Common Stock
2015-01-21−86→ 6,213 total(indirect: By Spouse)
Footnotes (3)
- [F1]On February 27, 2014, CIG Wireless Corp. (the "Company") issued Mr. Romain Gay-Crosier, the Company's Chief Financial Officer, 556,186 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. Gay-Crosier. 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 10.59 to the Company's Current Report on Form 8-K that was filed with the SEC on March 5, 2014, describing the 2014 Plan.
- [F2]Pursuant to the Award Agreement, in the event that the Company issues certain securities, Mr. Gay-Crosier is entitled to receive additional shares of Restricted Stock for anti-dilution purposes. On February 27, 2014, the Company issued Mr. Gay-Crosier's spouse 5,562 shares of Restricted Stock. In the event that the Company issues certain securities, Mr. Gay-Crosier's spouse is entitled to receive additional shares of Restricted Stock for anti-dilution purposes.
- [F3]Effective as of January 21, 2015, (i) the Company and Mr. Gay-Crosier agreed to and acknowledged the cancellation and disposition to the Company of 8,477 shares of Restricted Stock held by Mr. Gay-Crosier, and (ii) the Company and Mr. Gay-Crosier's spouse agreed to and acknowledged the cancellation and disposition to the Company of 86 shares of Restricted Stock held by Mr. Gay-Crosier's spouse. The 8,477 shares of Restricted Stock held by Mr. Gay-Crosier and the 86 shares of Restricted Stock held by Mr. Gay-Crosier's spouse were canceled and disposed of to the Company for no value, as approved by the Company's board of directors. The cancellations were 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, 8:18 PM ET
- Size
- 8.6 KB