4//SEC Filing
WALKER INNOVATION INC. 4
Accession 0001584128-17-000006
CIK 0001294649operating
Filed
Mar 20, 8:00 PM ET
Accepted
Mar 21, 3:06 PM ET
Size
14.1 KB
Accession
0001584128-17-000006
Insider Transaction Report
Form 4
ELLENTHAL JONATHAN
DirectorVice Chairman and CEO
Transactions
- Award
Stock Option (Right to Buy)
2017-03-20+1,000,000→ 1,000,000 totalExercise: $0.43Exp: 2023-11-15→ Common Stock (1,000,000 underlying) - Disposition to Issuer
Stock Option (Right to Buy)
2013-11-15−1,000,000→ 0 totalExercise: $4.05Exp: 2023-11-15→ Common Stock (1,000,000 underlying) - Award
Stock Option (Right to Buy)
2017-03-20+200,000→ 200,000 totalExercise: $0.43Exp: 2025-05-15→ Common Stock (200,000 underlying) - Disposition to Issuer
Stock Option (Right to Buy)
2015-05-15−200,000→ 0 totalExercise: $1.40Exp: 2025-05-15→ Common Stock (200,000 underlying)
Footnotes (4)
- [F1]The transaction reported herein reflects a repricing of options (the "Repricing") that was approved by Walker Innovation Inc. stockholders on January 17, 2017. The stock options were originally granted to the reporting person November 15, 2013. As a result of the Repricing, such options now have a lower exercise price; other than the reduced exercise price, there have been no changes in the terms of such options. However, under Section 16 of the Securities Exchange Act of 1934 and the rules thereunder, a reduction in the exercise price of any option is treated as effectively canceling the old option and granting a new option as of the effective date of the repricing, and thus is being reported accordingly in this Form 4.
- [F2]Stock option granted pursuant to Amended and Restated 2006 Long-Term Incentive Plan in respect of 333,333 Shares exercisable from and after November 15, 2014; 333,333 Shares exercisable from and after November 15, 2015; and 333,334 Shares exercisable from and after November 15, 2016.
- [F3]The transaction reported herein reflects a repricing of options (the "Repricing") that was approved by Walker Innovation Inc. stockholders on January 17, 2017. The stock options were originally granted to the reporting person May 15, 2015. As a result of the Repricing, such options now have a lower exercise price; other than the reduced exercise price, there have been no changes in the terms of such options. However, under Section 16 of the Securities Exchange Act of 1934 and the rules thereunder, a reduction in the exercise price of any option is treated as effectively canceling the old option and granting a new option as of the effective date of the repricing, and thus is being reported accordingly in this Form 4.
- [F4]Stock option grant pursuant the Walker Innovation Inc. (formerly known as Patent Properties, Inc.) 2015 Long-term Incentive Plan in respect of 66,666 Shares exercisable from and after May 15, 2016; 66,667 shares from and after May 15, 2017; and 66,667 Shares from and after May 15, 2018.
Documents
Issuer
WALKER INNOVATION INC.
CIK 0001294649
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001294649
Filing Metadata
- Form type
- 4
- Filed
- Mar 20, 8:00 PM ET
- Accepted
- Mar 21, 3:06 PM ET
- Size
- 14.1 KB