SILVERMAN SCOTT R 4
4 · C-Bond Systems, Inc · Filed Jul 31, 2019
Insider Transaction Report
Form 4
SILVERMAN SCOTT R
CEO, PRESIDENT
Transactions
- Award
Common Stock
2019-07-29+3,000,000→ 6,970,120 total - Award
Common Stock
2019-07-29$0.05/sh+800,000$40,000→ 7,770,120 total - Award
Common Stock
2019-07-12$0.04/sh+2,000,000$80,000→ 3,970,120 total
Footnotes (3)
- [F1]On July 12, 2019, Scott R. Silverman 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. Silverman.
- [F2]Shares granted to Mr. Silverman 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. Silverman.
- [F3]On July 29, 2019, Scott R. Silverman elected to convert $40,000 of deferred compensation owed to him into 800,000 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. Silverman.