4//SEC Filing
Phipps David 4
Accession 0001493152-19-000801
CIK 0001058307other
Filed
Jan 21, 7:00 PM ET
Accepted
Jan 22, 1:14 PM ET
Size
9.2 KB
Accession
0001493152-19-000801
Insider Transaction Report
Form 4
Phipps David
DirectorChief Executive Officer
Transactions
- Exercise/Conversion
Common Stock, par value $0.0001
2019-01-18$0.17/sh+325,000$55,250→ 414,443 total - Tax Payment
Common Stock, par value $0.0001
2019-01-18$0.35/sh−157,857$55,250→ 256,586 total - Exercise/Conversion
Non-Qualified Stock Option (right to buy)
2019-01-18−325,000→ 137,500 totalExercise: $0.17Exp: 2013-12-17→ Common Stock, $0.001 par value (325,000 underlying)
Footnotes (3)
- [F1]Represents common stock held of 89,443 and exercise of 325,000 options to common shares.
- [F2]Represents a "net exercise" of outstanding stock options. The reporting person received 167,323 shares of common stock on net exercise of option to purchase 325,000 shares of common stock. The Company withheld 157,857 shares of common stock underlying the option for payment of the exercise price, using the closing stock price on January 17, 2019 of $0.35, pursuant to the terms of the 2018 Incentive Plan.
- [F3]The subject options are fully vested as of grant date.
Documents
Issuer
Orbital Tracking Corp.
CIK 0001058307
Entity typeother
Related Parties
1- filerCIK 0001635266
Filing Metadata
- Form type
- 4
- Filed
- Jan 21, 7:00 PM ET
- Accepted
- Jan 22, 1:14 PM ET
- Size
- 9.2 KB