4//SEC Filing
MAKHIJA RAJESH 4
Accession 0001591408-19-000016
CIK 0001535079other
Filed
Sep 8, 8:00 PM ET
Accepted
Sep 9, 5:18 PM ET
Size
9.1 KB
Accession
0001591408-19-000016
Insider Transaction Report
Form 4
McorpCX, Inc.MCCX
MAKHIJA RAJESH
President and CEO10% Owner
Transactions
- Other
Employee Stock Option (Right to Buy)
2019-09-03+290,000→ 290,000 totalExercise: $0.09Exp: 2029-09-02→ Common Stock (290,000 underlying) - Other
Call option to purchase common stock (right to buy)
2019-09-03+520,000→ 520,000 totalExercise: $0.22Exp: 2029-09-02→ Common Stock (520,000 underlying)
Footnotes (4)
- [F1]On September 3, 2019, the Reporting Person entered into a private stock option agreement with Michael Hinshaw, the chair of the Issuer's board of directors, whereby Mr. Hinshaw agreed to grant the Reporting Person the option to purchase up to 520,000 shares of the Issuer's common stock owned by Mr. Hinshaw at a price of $0.22 per share subject to the terms of such agreement.
- [F2]The options vest accordingly to the following vesting schedule: 170,000 shares on September 2, 2020, 170,000 shares on September 2, 2021 and 180,000 shares on September 2, 2022, subject to accelerated vesting in the event of a "change of control" of the Issuer or early termination in the event the Reporting Person's employment with Issuer is terminated for "cause".
- [F3]On September 3, 2019, the Reporting Person entered into a second private stock option agreement with Mr. Hinshaw, pursuant to which Mr. Hinshaw agreed to grant the Reporting Person the option to purchase up to 290,000 shares of the Issuer's common stock owned by Mr. Hinshaw at a price of $0.09 per share subject to the terms of such agreement.
- [F4]The options vest according to the following vesting schedule: 100,000 shares on September 2, 2020, 100,000 shares on September 2, 2021 and 90,000 shares on September 2, 2022, subject to accelerated vesting in the event of a "change of control" of the Issuer or early termination in the event the Reporting Person's employment with the Issuer is terminated for "cause."
Documents
Issuer
McorpCX, Inc.
CIK 0001535079
Entity typeother
Related Parties
1- filerCIK 0001780934
Filing Metadata
- Form type
- 4
- Filed
- Sep 8, 8:00 PM ET
- Accepted
- Sep 9, 5:18 PM ET
- Size
- 9.1 KB