Pugliese Vincent Joseph Alfred 4
4 · C-Bond Systems, Inc · Filed Jul 31, 2019
Insider Transaction Report
Form 4
Pugliese Vincent Joseph Alfred
CEO, Int CFO, Treas., Sec.
Transactions
- Award
Common Stock
2019-07-29$0.05/sh+1,000,000$50,000→ 7,575,830 total - Award
Common Stock
2019-07-29+2,500,000→ 6,575,830 total - Award
Common Stock
2019-07-12$0.04/sh+2,000,000$80,000→ 4,075,830 total
Footnotes (3)
- [F1]On July 12, 2019, Vince Pugliese elected to convert $80,000 of deferred compensation owed to him into 2,000,000 shares of Common Stock. The Company believes that this compensation is not taxable until the shares vest, which date is May 1, 2020.The vesting date may be extended by mutual consent of the Board of Directors and Mr. Pugliese.
- [F2]Shares granted to Mr. Pugliese as 2019 incentive compensation. The shares were issued pursuant to a Restricted Stock Award Agreement dated July 29, 2019. The Company believes that this compensation is not taxable until the shares vest, which date is May 1, 2020. The vesting date may be extended by mutual consent of the Board of Directors and Mr. Pugliese.
- [F3]On July 29, 2019, Mr. Pugliese elected to convert $50,000 of deferred compensation owed to him into 1,000,000 shares of Common Stock. The Company believes that this compensation is not taxable until the shares vest, which date is May 1, 2020. The vesting date may be extended by mutual consent of the Board of Directors and Mr. Pugliese.