Schessel Marc Sanford 4
4 · SCWorx Corp. · Filed Feb 15, 2019
Insider Transaction Report
Form 4
SCWorx Corp.WORX
Schessel Marc Sanford
DirectorChief Executive Officer10% Owner
Transactions
- Award
Restricted Stock Units (common stock)
2019-02-13+75,000→ 75,000 total - Award
Restricted Stock Units (common stock)
2019-02-13+25,000→ 25,000 total - Award
Restricted Stock Units (common stock)
2019-02-13+25,000→ 25,000 total - Award
Restricted Stock Units (common stock)
2019-02-13+25,000→ 25,000 total
Holdings
- 1,032,603
Common Stock, $.001 par value
- 197,820(indirect: See Note)
Common Stock, $.001 par value
Footnotes (6)
- [F1]Owned of record by Greg Lewis Stivers, Trustee, TSS 2019 Irrevocable Trust. These shares are held in a trust for the benefit of the reporting person's spouse, who is not a trustee of the trust. The reporting person disclaims beneficial ownership of these securities, and the filing of this report is not an admission that the reporting person is the beneficial owner of these securities for purposes of. Section 16 or for any other purpose.
- [F2]These Restricted stock Units ("RSUs") vest in quarterly installments over three years, commencing August 15, 2019.
- [F3]These RSUs vest only if the Issuer obtains $10M in new recurring revenue on or before 08/15/20.
- [F4]These RSUs vest if and when the Issuer's stock price attains a volume weighted average price ("VWAP") of $20 per share for 15 consecutive trading days.
- [F5]These RSUs vest if and when the Issuer's stock price attains a VWAP of $40 per share for 15 consecutive trading days.
- [F6]The Issuer granted these RSUs to the reporting person in consideration for services to be rendered to the Issuer.