4//SEC Filing
Vystar Corp 4
Accession 0001209191-14-002392
$VYSTCIK 0001308027operating
Filed
Jan 7, 7:00 PM ET
Accepted
Jan 8, 4:39 PM ET
Size
51.9 KB
Accession
0001209191-14-002392
Insider Transaction Report
Form 4
Vystar CorpVYST
Waters W. Dean
Director
Transactions
- Award
Employee Stock Option (Right to Buy)
2013-12-31+400,000→ 400,000 totalExercise: $0.10Exp: 2019-05-01→ Common Stock, par value $0.0001 (400,000 underlying) - Disposition to Issuer
Employee Stock Option (Right to Buy)
2013-12-31−250,000→ 0 totalExercise: $0.15Exp: 2023-04-01→ Common Stock, par value $0.0001 (250,000 underlying) - Award
Employee Stock Option (Right to Buy)
2013-12-31+250,000→ 250,000 totalExercise: $0.10Exp: 2023-04-01→ Common Stock, par value $0.0001 (250,000 underlying) - Disposition to Issuer
Employee Stock Option (Right to Buy)
2013-12-31−400,000→ 0 totalExercise: $0.68Exp: 2019-05-01→ Common Stock, par value $0.0001 (400,000 underlying) - Award
Employee Stock Option (Right to Buy)
2013-04-01+250,000→ 250,000 totalExercise: $0.15Exp: 2023-04-01→ Common Stock, par value $0.0001 (250,000 underlying) - Award
Employee Stock Option (Right to Buy)
2013-04-01+500,000→ 500,000 totalExercise: $0.15Exp: 2023-04-01→ Common Stock, par value $0.0001 (500,000 underlying) - Award
Common Stock Warrants (Right to Buy)
2013-04-29+200,000→ 200,000 totalExercise: $0.10Exp: 2021-04-29→ Common Stock, par value $0.0001 (200,000 underlying) - Disposition to Issuer
Common Stock Warrants (Right to Buy)
2013-04-29−20,000→ 180,000 totalExercise: $0.10Exp: 2021-04-29→ Common Stock, par value $0.0001 (20,000 underlying) - Disposition to Issuer
Common Stock Warrants (Right to Buy)
2013-04-29−100,000→ 0 totalExercise: $0.35Exp: 2023-01-10→ Common Stock, par value $0.0001 (100,000 underlying) - Award
Common Stock Warrants (Right to Buy)
2013-04-29+100,000→ 100,000 totalExercise: $0.10Exp: 2023-01-10→ Common Stock, par value $0.0001 (100,000 underlying) - Disposition to Issuer
Common Stock Warrants (Right to Buy)
2013-04-29−10,000→ 90,000 totalExercise: $0.10Exp: 2023-01-10→ Common Stock, par value $0.0001 (10,000 underlying) - Award
Common Stock Warrants (Right to Buy)
2013-12-31+846,154→ 846,154 totalExercise: $0.05Exp: 2015-12-31→ Common Stock, par value $0.0001 (846,154 underlying) - Award
Employee Stock Option (Right to Buy)
2013-12-31+500,000→ 500,000 totalExercise: $0.10Exp: 2023-04-01→ Common Stock, par value $0.0001 (500,000 underlying) - Other
Common Stock, par value $0.0001
2013-12-30+1,692,308→ 1,692,308 total - Disposition to Issuer
Common Stock Warrants (Right to Buy)
2013-04-29−200,000→ 0 totalExercise: $0.27Exp: 2021-04-29→ Common Stock, par value $0.0001 (200,000 underlying) - Disposition to Issuer
Common Stock Warrants (Right to Buy)
2013-12-31−20,000→ 0 totalExercise: $0.68From: 2008-12-31Exp: 2018-12-30→ Common Stock, par value $0.0001 (20,000 underlying) - Award
Common Stock Warrants (Right to Buy)
2013-12-31+20,000→ 20,000 totalExercise: $0.10From: 2008-12-31Exp: 2018-12-30→ Common Stock, par value $0.0001 (20,000 underlying) - Disposition to Issuer
Employee Stock Option (Right to Buy)
2013-12-31−500,000→ 0 totalExercise: $0.15Exp: 2023-04-01→ Common Stock, par value $0.0001 (500,000 underlying)
Holdings
- 25,000(indirect: By LLC)
Common Stock, par value $0.0001
- 99,334(indirect: By LLC)
Common Stock, par value $0.0001
Footnotes (12)
- [F1]The shares were issued to Mr. Waters in exchange for his foregoing $50,769.23 of salary due to Mr. Waters.
- [F10]The warrant is exercisable immediately.
- [F11]The reported transaction involved an amendment of the exercise price of an outstanding stock option, resulting in the deemed cancellation of the "old" option and the grant of a replacement option.
- [F12]The option is exercisable in equal installments of 20,000 shares at the end of each financial quarter (the "Vesting Date"), beginning on June 30, 2009 for a period of five (5) years, ending on March 31, 2014, provided that the continuous service of the Optionee as a member of the Company's Board of Directors continues through and on the applicable Vesting Date.
- [F2]Mr. Waters is the Manager of Poseidon Capital Investments, LLC.
- [F3]Mr. Waters is the Manager of Tri-Capital Partners, LLC.
- [F4]100,000 of the shares subject to the option vested and became exercisable on the date of grant, and 50,000 of the shares subject to the option shall vest and become exercisable on April 1, 2014, April 1, 2015, and April 1, 2016 (each a "Vesting Date"), provided that the continuous service of the Optionee as an executive officer of the Company continues through and on the applicable Vesting Date.
- [F5]125,000 of the shares subject to the option shall vest and become exercisable if the Issuer's earnings before interest, taxes, depreciation, and amortization ("EBITDA") is zero; 250,000 of the shares subject to the option shall vest and become exercisable if the Issuer's EBITDA is $250,000; and 500,000 of the shares subject to the option shall vest and become exercisable if the Issuer's EBITDA is $500,000.
- [F6]The reported transaction involved an amendment of the exercise price of an outstanding warrant, resulting in the deemed cancellation of the "old" warrant and the grant of a replacement warrant.
- [F7]40,000 of the shares issuable upon exercise of the warrant vested and became exercisable on the date of grant. The remaining shares issuable upon exercise of the warrant shall vest and become exercisable in increments of 20,000 shares for each loan advance made by an affiliate of the Reporting Person to the Issuer in the principal amount of $100,000, pursuant to a Promissory Grid Note issued by the Issuer.
- [F8]The reported transaction involved a forfeiture of shares to be acquired upon exercise of a replacement warrant.
- [F9]20,000 of the shares issuable upon exercise of the warrant vested and became exercisable on the date of grant. The remaining shares issuable upon exercise of the warrant shall vest and become exercisable in increments of 16,000 shares for each loan advance made to the Issuer in the principal amount of $100,000, pursuant to a Promissory Grid Note issued by the Issuer.
Documents
Issuer
Vystar Corp
CIK 0001308027
Entity typeoperating
IncorporatedGA
Related Parties
1- filerCIK 0001308027
Filing Metadata
- Form type
- 4
- Filed
- Jan 7, 7:00 PM ET
- Accepted
- Jan 8, 4:39 PM ET
- Size
- 51.9 KB