4//SEC Filing
CALVERT DENNIS P 4
Accession 0001437749-20-006870
CIK 0000880242other
Filed
Apr 1, 8:00 PM ET
Accepted
Apr 2, 12:59 PM ET
Size
15.0 KB
Accession
0001437749-20-006870
Insider Transaction Report
Form 4
BIOLARGO, INC.BLGO
CALVERT DENNIS P
DirectorPresident and C.E.O.
Transactions
- Award
Common stock
2020-03-31$0.17/sh+281,762$47,900→ 9,139,996 total
Footnotes (3)
- [F1]Includes 1,528,695 shares owned indirectly by Reporting Person through a limited liability company owned and controlled by Reporting Person.
- [F2]The shares issued are unvested and subject to a Lock-Up Agreement dated as of the issuance date whereby shares vest only upon the earlier of (i) the sale of the Issuer of substantially all of its assets, (ii) the successful commercialization of Issuer's products or technologies as demonstrated by its receipt of at least $3,000,000 in cash, or the recognition of $3,000,000 in revenue, over a 12-month period from the sale of products and/or the license of technology; and (iii) the Company's breach of the employment agreement between the Company and Reporting Person and resulting in Reporting Person's termination.
- [F3]Shares received in exchange for a reduction in $47,900 owed by Issuer to Reporting Person for salary and unreimbursed business expenses.
Documents
Issuer
BIOLARGO, INC.
CIK 0000880242
Entity typeother
Related Parties
1- filerCIK 0001228572
Filing Metadata
- Form type
- 4
- Filed
- Apr 1, 8:00 PM ET
- Accepted
- Apr 2, 12:59 PM ET
- Size
- 15.0 KB