Lustgarten Shai Shalom 4
4 · OMNIQ Corp. · Filed Apr 12, 2021
Insider Transaction Report
Form 4
OMNIQ Corp.OMQS
Lustgarten Shai
DirectorChief Executive Officer10% Owner
Transactions
- Exercise/Conversion
Warrant
2021-04-08−75,000→ 0 totalExercise: $2.20Exp: 2021-08-02→ Common Stock (75,000 underlying) - Exercise/Conversion
Common Stock
2021-04-08$2.20/sh+57,026$125,457→ 803,834 total(indirect: See footnote)
Footnotes (3)
- [F1]The stock options exercised herein reflect the cashless exercise of certain options issued in August 2017 scheduled to expire on August 2, 2021. In connection with the Company's 2014 Option Plan, 1,500,000 stock options were granted to Mr. Lustgarten on August 2, 2017. Following the Company's 1-for-20 reverse stock split of its common stock, effective, November 20, 2019, the number of options to be exercised is 75,000. Following the net exercise, Mr. Lustgarten has no more options from the August 2017 grant.
- [F2]Upon exercise, the underlying net options convert into shares of the issuer's common stock on a one-for-one basis, after giving effect to the 20:1 reverse stock split.
- [F3]Prior to the transaction reported herein, Walefar Investments Ltd. held 746,808 shares of the issuer's common stock, which is beneficially owned by Mr. Lustgarten.