AMERICAN POWER GROUP Corp 4

4 · AMERICAN POWER GROUP Corp · Filed Apr 29, 2016

Form 4

Period: 2016-04-25

DirectorPresident, CEO

Transactions

Other
Common Stock Purchase Option
2016-04-21$0.28/sh−500,000$140,000→ 590,000 total
Exp: 2016-04-21→ Common Stock (500,000 underlying)
Other
Common Stock Purchase Options
2016-04-25−590,000→ 0 total
→ Common Stock (590,000 underlying)
Award
Common Stock Purchase Options
2016-04-25$0.10/sh+900,000$90,000→ 900,000 total
Exercise: $0.10From: 2016-04-25Exp: 2026-04-25→ Common Stock (900,000 underlying)
Award
Common Stock Purchase Options
2016-04-25$0.10/sh+2,100,000$210,000→ 3,000,000 total
Exercise: $0.10→ Common Stock (2,100,000 underlying)
Award
Common Stock Purchase Options
2016-04-25$0.10/sh+3,000,000$300,000→ 6,000,000 total
Exercise: $0.10→ Common Stock (3,000,000 underlying)

Holdings

Footnotes (4)

[F1]Option to purchase 500,000 shares of common stock at an exercise price of $.28 which vested equally over a 5 year term from date of grant and had a 10 year term expired unexercised.
[F2]Options to purchase 200,000 shares of common stock at prices ranging from $.33 to $.33 which vested equally over a 5 year term from date of grant and had a term of 10 years from date of grant were terminated by the company. Options to purchase 390,000 shares of common stock at prices ranging from $.23 to $.80 and which vested immediately on date of grant and had a 10 year term from date of grant were terminated by the company.
[F3]The options vest equally over a period of 5 years from date of grant and have a 10 year term from date of grant.
[F4]The options are exercisable in annual increments of 750,000 commencing in 2017 and ending in 2020 based on achievement of pre-determined performance goals set by the company's Board of Directors. The options have a 10 year term from date of grant.

Documents

1 file