Meridian Waste Solutions, Inc. 4
4 · Meridian Waste Solutions, Inc. · Filed Apr 15, 2016
Insider Transaction Report
Form 4
Cosman Jeffrey Scott
DirectorChief Executive Officer10% Owner
Transactions
- Other
Common Stock, par value $0.025 per share
2016-04-13−25,000→ 11,361,652 total - Other
Nonqualified Options
2016-04-16−75,000→ 0 totalExercise: $1.71Exp: 2021-03-10→ Common Stock (75,000 underlying)
Holdings
- 51
Series A Preferred Stock, par value $0.001 per share
Footnotes (4)
- [F1]Pursuant to that certain First Amendment to Director Agreement between Mr. Cosman and the Issuer dated April 13, 2016, Mr. Cosman has agreed to the cancellation of all equity previously granted to him pursuant to that certain Director Agreement between Mr. Cosman and the Issuer dated March 11, 2016.
- [F2]This amount is comprised of (i) 8,038,843 shares of common stock owned directly by Mr. Cosman and (ii) 3,322,809 shares of common stock owned by Here to Serve Holding Corp., a company for which Mr. Cosman is the Chief Executive Officer and sole director, and accordingly, has sole voting and dispositive power. This amount does not include 4,253,074 shares of restricted stock that has not yet vested.
- [F3]Each one (1) share of Series A Preferred Stock shall have voting rights equal to (x) 0.019607 multiplied by the total issued and outstanding Common Stock eligible to vote at the time of the respective vote (the ?Numerator?), divided by (y) 0.49, minus (z) the Numerator.
- [F4]Such options were to vest quarterly over the three-year period beginning on March 11, 2016, exercisable for a period of five years.