4//SEC Filing
Munnik Cecile 4
Accession 0001493152-22-032640
CIK 0001402945other
Filed
Nov 15, 7:00 PM ET
Accepted
Nov 16, 4:41 PM ET
Size
7.1 KB
Accession
0001493152-22-032640
Insider Transaction Report
Form 4
Transactions
- Award
Stock Option
2022-11-14+5,000,000→ 5,000,000 total→ Common Stock (5,000,000 underlying)
Footnotes (4)
- [F1]The options vested immediately but have not been exercised pursuant to the Stock Option Award Agreement.
- [F2]The price per share of the Shares subject to the Option shall not be less than 100% of the Fair Market Value of a Share on the Date of Grant. Notwithstanding the foregoing, if this Option is designated as an Incentive Stock Option and the Reporting Person is a Ten Percent Holder as of the Date of Grant, the exercise price per share of the Shares subject to the Option shall not be less than 110% of the Fair Market Value of a Share on the Date of Grant.
- [F3]The Option shall commence on Grant Date and terminate on the date of first to occur of: (1) If Option is designated as an Incentive Stock Option and Reporting Person, at time Option was granted, was a 10% Holder, the expiration of (5) years from Date of Grant; (2) 10th anniversary of Date of Grant; (3) (1) year following Reporting Person's termination of Continuous Service Status with Issuer and its Affiliates as a result of termination of service of Reporting Person by Issuer or any of its Affiliates on account of death or Disability; (4) (30) days following Reporting Person's termination of service of a Participant with Issuer and its Affiliates as a result of termination of service of a Participant by Reporting Person other than for Cause; and (5) Close of business on last business day immediately prior to date of Reporting Person's termination of service by Issuer for Cause or for any reason other than as set forth above.
- [F4]This number does not represent the 1,000,000 shares of the Company's common stock, or non-derivative securities, held by Cecile Munnik as of the date of this Form 4.
Documents
Issuer
Progressive Care Inc.
CIK 0001402945
Entity typeother
Related Parties
1- filerCIK 0001901022
Filing Metadata
- Form type
- 4
- Filed
- Nov 15, 7:00 PM ET
- Accepted
- Nov 16, 4:41 PM ET
- Size
- 7.1 KB