4//SEC Filing
Demitrieus James M 4
Accession 0001415889-21-005327
CIK 0000941685other
Filed
Nov 18, 7:00 PM ET
Accepted
Nov 19, 6:15 PM ET
Size
8.2 KB
Accession
0001415889-21-005327
Insider Transaction Report
Form 4
Demitrieus James M
Director
Transactions
- Disposition to Issuer
Stock Options
2021-11-18−1,300,000→ 0 totalExercise: $0.07Exp: 2031-04-16→ Common Stock (1,300,000 underlying) - Award
Common Stock
2021-11-18+2,675,000→ 2,675,000 total
Footnotes (3)
- [F1]Pursuant to an Equity Incentive Cancellation Agreement (the "Agreement") entered into by the Reporting Person and the Issuer, certain outstanding stock options previously acquired in a transaction exempt under Rule 16b-3(d) were cancelled by the Issuer in exchange for the issuance to the Reporting Person of Restricted Stock Units ("RSUs") granted pursuant to the Issuer's 2020 Equity Incentive Plan. The transaction was approved by the Company's Board of Directors and is exempt under Rule 16b-3(d) and Rule 16b-3(e)
- [F2]Represents grant of RSUs. Each RSU represents a contingent right to receive one share of the Issuer's common stock. 1,337,500 shares vest April 1, 2022, 74,315 shares vest on May 1, 2022, and the remainder vest ratably on a monthly basis over the subsequent seventeen month period, becoming fully vested on October 1, 2023, subject to continued employment, contracting or engagement with the company at the time of vesting; provided, however, that all unvested RSUs shall vest 100% upon a change in control of the Company.
- [F3]800,000 of the stock options vested on the grant date of April 16, 2021, with the remainder scheduled to vest in monthly installments of 62,500 stock options thereafter.
Documents
Issuer
IMAGEWARE SYSTEMS INC
CIK 0000941685
Entity typeother
Related Parties
1- filerCIK 0001830788
Filing Metadata
- Form type
- 4
- Filed
- Nov 18, 7:00 PM ET
- Accepted
- Nov 19, 6:15 PM ET
- Size
- 8.2 KB