4/A//SEC Filing
Simmons Chia-Lin 4/A
Accession 0001213900-22-008497
CIK 0001566826other
Filed
Feb 17, 7:00 PM ET
Accepted
Feb 18, 4:54 PM ET
Size
6.4 KB
Accession
0001213900-22-008497
Insider Transaction Report
Form 4/AAmended
Nxt-ID, Inc.NXTD
Simmons Chia-Lin
DirectorPresident and CEO
Transactions
- Award
Common Stock
2022-01-03+204,145→ 470,705 total
Footnotes (4)
- [F1]This amendment is being filed to correct inadvertent typographical errors in the original Form 4. The original Form 4 mis-calculated the aggregate number of shares of common stock, par value $0.0001 per share, of the issuer ("Common Stock") beneficially owned post-reverse split as well as mis-identified the reporting person's award as a restricted stock unit with monthly vesting rather than a restricted stock award with quarterly vesting.
- [F2]Issuable upon the vesting of a restricted stock award in Common Stock ("RSA"), each of which represents the right to receive one share of Common Stock, subject to the vesting terms of such RSA.
- [F3]The RSA of 204,145 shares of Common Stock was received as compensation for the reporting person's service as an officer pursuant to the issuer's 2013 Long-Term Stock Incentive Plan. The RSA is subject to vesting over a period of 3 years commencing on January 3, 2022, with 34,045 shares of the RSA to vest on July 3, 2022, and thereafter, 17,010 shares of the RSA will vest on the first day of each subsequent quarter until the entire award has vested, so long as the reporting person remains in the service of the issuer for each such quarter.
- [F4]On October 15, 2021, the issuer effected a 1-for-10 reverse stock split of its outstanding shares of Common Stock. The number of shares of Common Stock reported on this Form 4 have been adjusted to reflect such reverse stock split as it pertained to the number of shares of Common Stock that the reporting person held prior to the grant of the RSA.
Documents
Issuer
Nxt-ID, Inc.
CIK 0001566826
Entity typeother
Related Parties
1- filerCIK 0001868194
Filing Metadata
- Form type
- 4/A
- Filed
- Feb 17, 7:00 PM ET
- Accepted
- Feb 18, 4:54 PM ET
- Size
- 6.4 KB