4//SEC Filing
Jenny Kara B 4
Accession 0001429619-18-000005
CIK 0001294649other
Filed
Sep 6, 8:00 PM ET
Accepted
Sep 7, 11:16 AM ET
Size
14.3 KB
Accession
0001429619-18-000005
Insider Transaction Report
Form 4
Jenny Kara B
Chief Financial Officer
Transactions
- Award
Stock Option (Right to Buy)
2018-09-06+250,000→ 250,000 totalExercise: $0.39Exp: 2027-09-08→ Common Stock (250,000 underlying) - Disposition to Issuer
Stock Option (Right to Buy)
2018-09-07−250,000→ 0 totalExercise: $0.39Exp: 2027-09-08→ Common Stock (250,000 underlying) - Disposition to Issuer
Stock Option (Right to Buy)
2018-09-07−400,000→ 0 totalExercise: $0.36Exp: 2026-03-17→ Common Stock (400,000 underlying) - Disposition to Issuer
Stock Option (Right to Buy)
2018-09-07−300,000→ 0 totalExercise: $0.43Exp: 2024-02-07→ Common Stock (300,000 underlying)
Footnotes (3)
- [F1]Stock option granted on September 8, 2017 pursuant to Walker Innovation Inc. (formerly known as Patent Properties, Inc.) 2015 Long-term Incentive Plan in respect of 83,333 shares exercisable from and after September 8, 2018; 83,333 shares exercisable from and after September 8, 2019; and 83,334 shares exercisable from and after September 8, 2020. In connection with the Plan of Complete Liquidation and Dissolution of the Company, on September 6, 2018 (the day immediately prior to the filing of the Company's Certificate of Dissolution with the State of Delaware), unvested options under this grant were vested in full and, on a date to be determined by the Company's Board of Directors, will be settled in cash in an amount equal to the difference between the exercise price and the aggregate liquidating distributions paid to the Company's stockholders in accordance with the Plan of Complete Liquidation and Dissolution.
- [F2]Stock option granted on March 17, 2016 pursuant to Walker Innovation Inc. (formerly known as Patent Properties, Inc.) 2015 Long-term Incentive Plan in respect of 100,000 shares exercisable from and after April 3, 2016 and 37,500 shares exercisable from and after each of May 3, June 3, July 3, August 3, September 3, October 3, November 3, and December 3, 2016. In connection with the Plan of Complete Liquidation and Dissolution of the Company, on a date to be determined by the Company's Board of Directors, options under this grant will be settled in cash in an amount equal to the difference between the exercise price and the aggregate liquidating distributions paid to the Company's stockholders in accordance with the Plan of Complete Liquidation and Dissolution.
- [F3]Stock options granted pursuant to Amended and Restated 2006 Long-term Incentive plan in respect of 100,000 Shares exercisable from and after May 27, 2015; 100,000 Shares exercisable from and after May 27, 2016; and 100,000 Shares exercisable from and after May 27, 2017.. In connection with the Plan of Complete Liquidation and Dissolution of the Company, on a date to be determined by the Company's Board of Directors, options under this grant will be settled in cash in an amount equal to the difference between the exercise price and the aggregate liquidating distributions paid to the Company's stockholders in accordance with the Plan of Complete Liquidation and Dissolution.
Documents
Issuer
WALKER INNOVATION INC.
CIK 0001294649
Entity typeother
Related Parties
1- filerCIK 0001429619
Filing Metadata
- Form type
- 4
- Filed
- Sep 6, 8:00 PM ET
- Accepted
- Sep 7, 11:16 AM ET
- Size
- 14.3 KB