Vape Holdings, Inc. 4
4 · Vape Holdings, Inc. · Filed Oct 26, 2015
Insider Transaction Report
Form 4
Tracey Kyle J
DirectorChief Executive Officer10% Owner
Transactions
- Award
Common Stock
2015-10-22$0.02/sh+2,083,333$50,000→ 2,937,969 total - Disposition to Issuer
Stock Options
2015-10-22−175,000→ 500,000 totalExercise: $0.70From: 2014-12-22Exp: 2024-12-22→ Common Stock (175,000 underlying) - Disposition to Issuer
Common Stock
2015-10-22−130,000→ 2,807,969 total
Footnotes (3)
- [F1]On October 22, 2015, Mr. Kyle Tracey was issued 2,083,333 shares of Vape Holdings, Inc. (the "Company") common stock by the Board of Directors of the Company (the "Board"), valued at $0.024 per share (FMV on date of grant), as compensation for accrued but unpaid salary of $50,000.00 through September 30, 2015.
- [F2]On October 22, 2015, pursuant to a Stock Surrender Agreement by and between Kyle Tracey and the Company, Mr. Tracey agreed to surrender 130,000 shares of common stock of the Company held by him back to the Company.
- [F3]On October 22, 2015, Mr. Tracey agreed to surrender 175,000 options to purchase the Company's common stock with an exercise price of $0.70 per share (FMV on date of grant) back to the Company. The Board cancelled and terminated the 2014 Incentive and Nonstatutory Stock Option Plan following all optionholders voluntarily agreeing to surrender their stock options.