4//SEC Filing
Independence Bancshares, Inc. 4
Accession 0001503249-15-000026
CIK 0001311828operating
Filed
Jul 13, 8:00 PM ET
Accepted
Jul 14, 10:07 AM ET
Size
8.0 KB
Accession
0001503249-15-000026
Insider Transaction Report
Form 4
Baird Gordon A
DirectorPresident, CEO and Director
Transactions
- Award
STOCK OPTION (RIGHT TO BUY)
2014-08-22+1,125,000→ 1,125,000 totalExercise: $0.80Exp: 2023-05-16→ COMMON STOCK (1,125,000 underlying)
Holdings
- 900,000(indirect: By LLC)
COMMON STOCK
- 172,250
COMMON STOCK
Footnotes (2)
- [F1]ON MARCH 7, 2013, BAIRD HAGEMAN & CO., LLC DISTRIBUTED 172,250 SHARES OF COMMON STOCK TO THE REPORTING PERSON AND 490,250 SHARES OF COMMON STOCK TO THE OTHER MEMBER OF BAIRD HAGEMAN & CO., LLC IN ACCORDANCE WITH THE TERMS OF THE OPERATING AGREEMENT OF BAIRD HAGEMAN & CO., LLC. SUCH TRANSACTION EFFECTED ONLY A CHANGE IN THE FORM OF THE REPORTING PERSON'S BENEFICIAL OWNERSHIP OF THE SHARES OF COMMON STOCK WITHOUT CHANGING THE REPORTING PERSON'S PECUNIARY INTEREST IN THE COMMON STOCK, WHICH IS EXEMPT FROM SECTION 16 BY VIRTUE OF RULE 16a-13.
- [F2]ON MAY 16, 2013, THE REPORTING PERSON WAS GRANTED AN OPTION TO PURCHASE 1,125,000 SHARES OF COMMON STOCK AT $0.80 PER SHARE, WHICH WOULD VEST RATABLY EVERY SIX MONTHS, BEGINNING JUNE 30, 2013, PROVIDED THAT AT EACH VESTING DATE, A CERTAIN PERFORMANCE CONDITION WITH RESPECT TO THE ISSUER HAD BEEN SATISFIED. IF THIS PERFORMANCE CONDITION WAS NOT SATISFIED PRIOR TO THE APPLICABLE VESTING DATE, THEN NO SHARES WOULD VEST ON SUCH VESTING DATE, AND THEN UPON THE DATE THAT THE PERFORMANCE CONDITION WAS SATISFIED, ALL SHARES THAT WOULD HAVE OTHERWISE VESTED WOULD IMMEDIATELY VEST. THE PERFORMANCE CONDITION WAS SATISFIED ON AUGUST 22, 2014, AT WHICH POINT THE OPTION IMMEDIATELY VESTED WITH RESPECT TO 562,500 SHARES.
Documents
Issuer
Independence Bancshares, Inc.
CIK 0001311828
Entity typeoperating
IncorporatedSC
Related Parties
1- filerCIK 0001311828
Filing Metadata
- Form type
- 4
- Filed
- Jul 13, 8:00 PM ET
- Accepted
- Jul 14, 10:07 AM ET
- Size
- 8.0 KB