1. Title of Derivative Security (Instr. 4) |
2. Date Exercisable and Expiration Date (Month/Day/Year) |
3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) |
4. Conversion or Exercise Price of Derivative Security |
5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5) |
6. Nature of Indirect Beneficial Ownership (Instr. 5) |
Date Exercisable |
Expiration Date |
Title |
Amount or Number of Shares |
Common Stock Options-Right to Buy
|
(1)
|
12/05/2028 |
Common Stock Options
|
183,946
|
$
2.03
|
I
|
By SPB Consulting LLC
(4)
|
Common Stock Options-Right to Buy
|
(2)
|
12/05/2028 |
Common Stock Options
|
73,579
|
$
2.03
|
I
|
By SPB Consulting LLC
(4)
|
Common Stock Options-Right to Buy
|
(3)
|
03/29/2029 |
Common Stock Options
|
6,051
|
$
2.03
|
I
|
By SPB Consulting LLC
(4)
|
* |
If the form is filed by more than one reporting person, see Instruction 5(b)(v). |
** |
Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) |
25% of these options shall vest on December 5, 2019 . Thereafter, the remaining options shall vest in 12 equal quarterly installments over three years. As of the reporting date, options to purchase 183,946 shares of common stock were unvested. |
(2) |
These options shall vest upon the achievement of specific performance-based milestones, as defined in the option grant. As of the reporting date, options to purchase 73,579 shares of common stock were unvested. |
(3) |
25% of these options shall vest on March 29, 2020. Thereafter, the remaining options shall vest in 12 equal quarterly installments over three years. As of the reporting date, options to purchase 6,051 shares of common stock were unvested. |
(4) |
Options are held by SPB Consulting LLC. The reporting person is the sole member of SPB Consulting LLC and may be deemed the indirect beneficial owner of the securities held by SPB Consulting LLC. |