4//SEC Filing
Mercadante John JR 4
Accession 0001493152-22-015706
CIK 0001463208other
Filed
Jun 1, 8:00 PM ET
Accepted
Jun 2, 3:42 PM ET
Size
7.2 KB
Accession
0001493152-22-015706
Insider Transaction Report
Form 4
Mercadante John JR
Director
Transactions
- Award
Common Stock
2022-03-11$0.01/sh+1,818,182$20,000→ 25,845,455 total - Award
Common Stock
2022-03-11$0.01/sh+22,727,273$250,000→ 24,027,273 total
Footnotes (2)
- [F1]On 3/11/22, the Company made a restricted stock award to Mr. Mercadante, the Company's former CEO and continuing director, covering 22,727,273 shares of the Company's Common Stock, at $0.011 per common share, based on the quoted closing price of the Common Stock on the measurement date. These shares vested immediately.
- [F2]On 3/11/22, the Company also made restricted stock awards, in equal amounts, to the three (3) independent members of the Company's board of directors (i.e., Messrs. Mercadante, Newton, and Benton), covering an aggregate of 5,454,546 shares of Common Stock, at $0.011 per common share, based on the quoted closing price of the Common Stock on the measurement date. These shares will vest in equal four (4) quarterly installments with the first installment of 1,363,636.50 shares vesting on 3/31/22, and 1,363,636.50 shares vesting each subsequent quarter through 12/31/22.
Documents
Issuer
Transportation & Logistics Systems, Inc.
CIK 0001463208
Entity typeother
Related Parties
1- filerCIK 0001774689
Filing Metadata
- Form type
- 4
- Filed
- Jun 1, 8:00 PM ET
- Accepted
- Jun 2, 3:42 PM ET
- Size
- 7.2 KB