DeFranco Terrence 4
4 · IOTA COMMUNICATIONS, INC. · Filed May 20, 2021
Insider Transaction Report
Form 4
DeFranco Terrence
DirectorChief Executive Officer
Transactions
- Award
Common Stock
2020-10-20+44,864,714→ 45,873,047 total - Disposition to Issuer
Stock Options (right to buy)
2021-05-19−13,475,000→ 0 total→ Common stock (13,475,000 underlying) - Award
Stock Options (right to buy)
2021-05-19+13,475,000→ 13,475,000 totalExercise: $0.27Exp: 2026-05-19→ Common stock (13,475,000 underlying)
Footnotes (3)
- [F1]These shares were distributed to the Reporting Person by Spectrum Networks Group, LLC, a company in which the Reporting Person was a member at the time of such distribution.
- [F2]Options to acquire up to 13,475,000 common stock of the issuer previously granted to the Reporting Persons were cancelled and returned to the issuer pursuant to the Stock Option Termination Agreement between the Reporting Person and the issuer, dated May 19, 2021. These options were granted by the Issuer to the Reporting Person under the Issuer's equity incentive plans and included the following options: (i) an option granted on April 8, 2014 to acquire 675,000 shares at an exercise price of $1.20 per share; (ii) an option granted on April 22, 2016 to acquire 500,000 shares at an exercise price of $0.60 per share; (iii) an option granted on April 22, 2016 to acquire 300,000 shares at an exercise price of $1.20 per share; (iv) an option granted on September 5, 2018 to acquire 4,000,000 shares at an exercise price of $0.99 per share, and (v) an option granted on April 1, 2019 to acquire 8,000,000 shares at an exercise price of $0.50 per share.
- [F3]These options were granted by the Issuer to the Reporting Person on May 19, 2021 pursuant to the Issuer's 2017 Equity Incentive Plan and are fully vested upon issuance.