Phipps James 4
4 · Orbital Tracking Corp. · Filed Jan 22, 2019
Insider Transaction Report
Form 4
Phipps James
Other
Transactions
- Exercise/Conversion
Common Stock, par value $0.0001
2019-01-18$0.15/sh+137,500$20,625→ 142,300 total - Exercise/Conversion
Non-Qualified Stock Option (right to buy)
2019-01-18−137,500→ 85,417 totalExercise: $0.15Exp: 2023-12-17→ Common Stock, par value $0.0001 (137,500 underlying) - Tax Payment
Common Stock, par value $0.0001
2019-01-18$0.35/sh−58,929$20,625→ 83,371 total
Footnotes (3)
- [F1]Represents common stock held of 4,800 and exercise of 137,500 options to common shares.
- [F2]Represents a "net exercise" of outstanding stock options. The reporting person received 78,571 shares of common stock on net exercise of option to purchase 137,500 shares of common stock. The Company withheld 58,929 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.