4//SEC Filing
MERKATZ ANDREW 4
Accession 0001437749-19-019526
CIK 0001647170other
Filed
Oct 1, 8:00 PM ET
Accepted
Oct 2, 6:10 PM ET
Size
18.0 KB
Accession
0001437749-19-019526
Insider Transaction Report
Form 4
Tapinator, Inc.TAPM
MERKATZ ANDREW
DirectorPresident and CFO
Transactions
- Exercise/Conversion
Common Stock
2019-08-21+277,777→ 2,727,152 total - Exercise/Conversion
Common Stock
2019-09-21+277,778→ 3,004,930 total - Exercise/Conversion
Restricted Stock Unit
2019-09-21−277,778→ 4,444,445 total→ Common Stock (277,778 underlying) - Award
Stock Option (right to buy)
2019-09-30+5,000,000→ 5,000,000 totalExercise: $0.06Exp: 2029-09-30→ Common Stock (5,000,000 underlying) - Disposition to Issuer
Common Stock
2019-09-30−555,555→ 2,449,375 total - Exercise/Conversion
Restricted Stock Unit
2019-08-21−277,777→ 4,722,223 total→ Common Stock (277,777 underlying) - Disposition to Issuer
Restricted Stock Unit
2019-09-30−4,444,445→ 0 total→ Common Stock (4,444,445 underlying)
Holdings
- 2,551,625(indirect: By Trust)
Common Stock
Footnotes (5)
- [F1]Restricted stock units convert into common stock on a one-for-one basis.
- [F2]Represents (i) the repurchase by the Issuer of undelivered common stock underlying 555,555 vested restricted stock units and (ii) the cancellation of the remaining 4,444,445 unvested restricted stock units. As consideration for the repurchase and cancellation of the shares of common stock and restricted stock units, respectively, the Reporting Person received (i) an option to purchase 5,000,000 shares of common stock (the same amount underlying the restricted stock units at the initial date of grant) at a per share exercise price of $0.06 and (ii) a one-time cash payment of $25,000.
- [F3]Comprised of (i) 1,278,000 shares of common stock held by Lucienne Merkatz 2013 Trust, a trust for the benefit of one of the Reporting Person's children and (ii) 1,273,625 shares of common stock held by Sebastian Merkatz 2013 Trust, a trust for the benefit of one of the Reporting Person's children. The Reporting Person is a neither the trustee nor the beneficiary of either trust and disclaims beneficial ownership of these shares. The inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose.
- [F4]On February 21, 2018, the Reporting Person was granted 5,000,000 restricted stock units, which began vesting ratably in 18 equal monthly installments on August 21, 2019.
- [F5]This stock option vests as follows: (i) 50% in three substantially equal installments (with the first two installments rounded down for any fractional shares) on the last day of October, November, and December in 2019 (with the third installment including any fractional shares that were rounded down from the first and second installments) and (ii) the remaining 50% in 12 substantially equal installments (with the first 11 installments rounded down for any fractional shares) on the last day of each month in 2020 (with the 12th installment including any fractional shares that were rounded down from the first 11 installments).
Documents
Issuer
Tapinator, Inc.
CIK 0001647170
Entity typeother
Related Parties
1- filerCIK 0001409930
Filing Metadata
- Form type
- 4
- Filed
- Oct 1, 8:00 PM ET
- Accepted
- Oct 2, 6:10 PM ET
- Size
- 18.0 KB