4//SEC Filing
WETHERELL WAYNE G 4
Accession 0001415889-20-002167
CIK 0000941685other
Filed
Aug 18, 8:00 PM ET
Accepted
Aug 19, 8:23 PM ET
Size
19.4 KB
Accession
0001415889-20-002167
Insider Transaction Report
Form 4
WETHERELL WAYNE G
Sr. VP and CFO
Transactions
- Disposition to Issuer
Stock Option (Right to Buy)
2020-05-08−10,000→ 0 totalExercise: $1.93Exp: 2023-10-29→ Common Stock (10,000 underlying) - Disposition to Issuer
Stock Option (Right to Buy)
2020-05-08−10,000→ 0 totalExercise: $2.29Exp: 2024-12-15→ Common Stock (10,000 underlying) - Award
Common Stock
2020-05-08+160,000→ 459,377 total - Disposition to Issuer
Stock Option (Right to Buy)
2020-05-08−75,000→ 0 totalExercise: $1.37Exp: 2026-09-22→ Common Stock (75,000 underlying) - Disposition to Issuer
Stock Option (Right to Buy)
2020-05-08−100,000→ 0 totalExercise: $0.92Exp: 2022-02-02→ Common Stock (100,000 underlying) - Disposition to Issuer
Stock Option (Right to Buy)
2020-05-08−75,000→ 0 totalExercise: $1.73Exp: 2025-09-14→ Common Stock (75,000 underlying) - Disposition to Issuer
Stock Option (Right to Buy)
2020-05-08−50,000→ 0 totalExercise: $1.75Exp: 2028-01-31→ Common Stock (50,000 underlying)
Footnotes (7)
- [F1]On May 8, 2020, the Issuer cancelled certain stock options held by the Reporting Person, originally granted on January 29, 2010, February 2, 2012, October 29, 2013, December 12, 2015, September 14, 2015, September 22, 2016, and January 31, 2018. In exchange for the cancelled stock options, the reporting person received 160,000 Restricted Stock Units (the "RSUs") from the Issuer. The RSUs represent a contingent right to receive shares of the Issuer's common stock on a one-for-one basis upon settlement. The RSUs are subject to a three year vesting schedule, whereby 20,000 RSUs vest on May 8, 2020, and 20,000 RSUs vest on each of the next seven quarterly anniversaries thereafter.
- [F2]Options to purchase 33,400 shares vested on 2/2/2013, with the remainder vesting equally in eight quarterly installments thereafter.
- [F3]Options to purchase 3,336 shares vested on 10/29/2014, with the remainder vesting equally in eight quarterly installments thereafter.
- [F4]One-third of the options vested on 12/12/2016, with the remainder vesting equally in eight quarterly installments thereafter.
- [F5]The reporting person was originally granted options to purchase 150,000 shares, of which 75,000 options vested only upon reaching certain achievement milestones that were not achieved. The option to purchase the remaining 75,000 shares was subject to a three year vesting schedule, whereby one third of the remaining 75,000 options vested on 9/14/2016, with the remainder vesting equally in eight quarterly installments thereafter.
- [F6]One-third of the options vested on 9//22/2017, with the remainder vesting equally in eight quarterly installments thereafter..
- [F7]One-third of the options vested on 1/31/2019, with the remainder vesting equally in eight quarterly installments thereafter.
Documents
Issuer
IMAGEWARE SYSTEMS INC
CIK 0000941685
Entity typeother
Related Parties
1- filerCIK 0001236379
Filing Metadata
- Form type
- 4
- Filed
- Aug 18, 8:00 PM ET
- Accepted
- Aug 19, 8:23 PM ET
- Size
- 19.4 KB