Delgado Hector 4
4 · ORBSAT CORP · Filed Sep 1, 2020
Insider Transaction Report
Form 4
ORBSAT CORPOTC: OSAT
Delgado Hector
Director
Transactions
- Award
Non-Qualified Stock Option (right to buy)
2020-08-21+21,000→ 26,644 totalExercise: $0.20Exp: 2030-08-20→ Common Stock (21,000 underlying) - Award
Common Stock, par value $0.0001
2020-08-21$0.20/sh+5,000$1,000→ 21,800 total - Exercise/Conversion
Common Stock, par value $0.0001
2020-08-21$0.20/sh+16,800$3,360→ 16,800 total - Exercise/Conversion
Non-Qualified Stock Option (right to buy)
2020-08-21−21,000→ 5,644 totalExercise: $0.20Exp: 2030-08-20→ Common Stock (21,000 underlying)
Footnotes (3)
- [F1]Represents the Reporting Person's exercise of 21,000 non-qualified options as reported in Table II of this Form. Following such exercise in full, the Reporting Person received 16,800 shares of common stock of the Company, with 4,200 shares of common stock withheld by the Company to cover the payment of the exercise price.
- [F2]Represents a restricted stock award approved by the Board of Directors on August 21, 2020 granted pursuant to the 2020 Equity Incentive Plan (the "Plan"), subject to shareholder approval of the Plan.
- [F3]The grant of these non-qualified options was approved by the Registrant's Board of Directors on August 21, 2020 and granted pursuant to the 2020 Equity Incentive Plan (the "Plan"), subject to shareholder approval of the Plan. The options vested immediately and were exercised in full upon grant, as reporting Table I of this Form.