SG BLOCKS, INC. 4
4 · SG BLOCKS, INC. · Filed Nov 3, 2016
Insider Transaction Report
Form 4
SG BLOCKS, INC.SGBX***
Armstrong Stevan
DirectorPresident, COO
Transactions
- Other
Common Stock
2016-06-30+36,476→ 36,476 total(indirect: By LLC) - Award
Stock Option (right to buy)
2016-11-01+131,031→ 131,031 totalExercise: $0.01Exp: 2026-10-31→ Common Stock (131,031 underlying)
Footnotes (5)
- [F1]These securities were acquired pursuant to the Issuer's Amended Plan of Reorganization, approved by the U.S. Bankruptcy Court for the Southern District of New York on May 23, 2016 (the "Plan").
- [F2]Shares are held by SMA Development Group, LLC, an entity controlled by Mr. Armstrong. Mr. Armstrong specifically disclaims beneficial ownership of the shares of common stock held by SMA Development Group, LLC, except to the extent of his pecuniary interest therein, and this filing shall not be deemed to be an admission that Mr. Armstrong is the beneficial owner of such shares of common stock.
- [F3]The exercise price will be the greater of $0.01 and fair market value, which will be determined within 90 days of the date of the grant.
- [F4]The options were issued pursuant to the Plan under the Issuer's Stock Option Plan.
- [F5]65,515 of the underlying shares of common stock have vested as of the date of grant and the remaining 65,516 underlying shares will vest, subject to the Reporting Person's continued employment, in two equal installments on each of November 1, 2017 and November 1, 2018.