4//SEC Filing
BLUE SPHERE CORP. 4
Accession 0001387131-17-000013
CIK 0001419582operating
Filed
Jan 2, 7:00 PM ET
Accepted
Jan 3, 4:35 PM ET
Size
11.3 KB
Accession
0001387131-17-000013
Insider Transaction Report
Form 4
AMITZUR ELROY
DirectorExecutive Vice President
Transactions
- Award
Common Stock, par value $0.001 per share
2016-12-30+850,000→ 4,088,514 total(indirect: By Renewable Energy Management Services) - Award
Common Stock, par value $0.001 per share
2016-12-30+1,750,000→ 5,838,514 total(indirect: By Renewable Energy Management Services) - Disposition to Issuer
Stock Award
2016-12-30+1,750,000→ 291,667 total(indirect: By Renewable Energy Management Services)→ Common Stock, par value, $0.001 per share (1,750,000 underlying)
Footnotes (4)
- [F1]The 850,000 shares of Common Stock acquired by the reporting person represent 850,000 shares which vested on the one-year anniversary of and became issuable pursuant to the Service Agreement, dated November 15, 2015, between Mr. Amitzur, JLS Advanced Investment Holdings Ltd. ("JLS") and Blue Sphere Corporation, as modified by Addendum No. 1 to Service Agreement, dated December 29, 2016, between Mr. Amitzur, JLS, Renewable Energy Management Services and Blue Sphere Corporation. Pursuant to such Addendum No. 1, the right to acquire shares of Common Stock under the Service Agreement was transferred to Renewable Energy Management Services.
- [F2]The 1,750,000 shares of Common Stock acquired by the reporting person represent 1,750,000 shares awarded pursuant to a stock award under the Issuer's Global Share and Options Incentive Enhancement Plan (2014) (the "2014 Incentive Plan") which vested during 2016. The stock award under the 2014 Incentive Plan was granted on February 24, 2015 for 3,500,000 shares of Common Stock and vests in quarterly installments. As of the date of this report, 3,208,333 of such shares have been issued and 291,667 of such shares have not vested and have not been issued. The 291,667 shares that have not yet vested and not been issued are not included in the number of securities beneficially owned in Table I, Column 5 of this report.
- [F3]The securities acquired in Table I, Column 4 and reported in Table II, Column 9 of this report are beneficially owned by Renewable Energy Management Services, a wholly owned subsidiary of RR Water Projects Ltd., which is owned and controlled by Mr. Amitzur and his wife. Therefore, Mr. Amitzur is deemed to have indirect beneficial ownership of such securities. Securities previously reported as beneficially owned by JLS under Table II, Column 9 of this report were issued to Renewable Energy Management Services.
- [F4]The stock award under the 2014 Incentive Plan was granted on February 24, 2015 for 3,500,000 shares of Common Stock and vests in quarterly installments. As of the date of this report, 3,208,333 of such shares have been issued and 291,667 of such shares have not vested and have not been issued.
Documents
Issuer
BLUE SPHERE CORP.
CIK 0001419582
Entity typeoperating
IncorporatedNV
Related Parties
1- filerCIK 0001419582
Filing Metadata
- Form type
- 4
- Filed
- Jan 2, 7:00 PM ET
- Accepted
- Jan 3, 4:35 PM ET
- Size
- 11.3 KB