Paybox Corp. 4
4 · Paybox Corp. · Filed Jul 5, 2017
Insider Transaction Report
Form 4
Paybox Corp.PBOX
Lund Thomas C
Director
Transactions
- Award
Common Stock, par value $.0001 per share
2017-06-30+56.53→ 1,656.26 total
Holdings
- 11,152(indirect: See Footnote)
Common Stock, par value $.0001 per share
Footnotes (4)
- [F1]Represents shares of common stock that the Reporting Person elected to receive in lieu of cash director fees.
- [F2]Pursuant to the Directors' Deferred Compensation Plan of the Issuer, the Reporting Person has elected to defer receipt of the shares until January 15th of the year following his termination of service as director.
- [F3]Reflects the reverse stock split effectuated by the Issuer on May 3, 2017, pursuant to which every 200 shares of common stock, $0.0001 par value per share, of the Issuer, which were issued and outstanding immediately prior to the reverse stock split, were combined into one issued and outstanding share of the Issuer's common stock. The number also reflects a 50% reduction, as of May 3, 2017, in the stock grants issued to the Reporting Person by the Issuer on January 1, 2017 and 2016, respectively, which vest daily over a two-year period and which pursuant to the Directors' Deferred Compensation Plan of the Issuer, the Reporting Person has elected to defer receipt of the shares until January 15th of the year following his termination of service as director.
- [F4]Includes 8,203 shares held in trust under Trust Agreement dated 9/16/94, Thomas C. Lund Trustee for the benefit of Thomas C. Lund and 2,949 shares held by spouse, and which reflects the reverse stock split effectuated by the Issuer on May 3, 2017, pursuant to which every 200 shares of common stock, $0.0001 par value per share, of the Issuer, which were issued and outstanding immediately prior to the reverse stock split, were combined into one issued and outstanding share of the Issuer's common stock.