UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | SEC 1473 (7-02) | ||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. |
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) |
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Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||
Stock Options (Right to Buy) | (1) | 12/14/2028 | Common Stock | 1,500,000 | $ 1 | D | |
Stock Options (Right to Buy) | (2) | 11/17/2029 | Common Stock | 1,000,000 | $ 1.5 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
CRAGUN KENNETH S 3802 SPECTRUM BOULEVARD, SUITE 112C TAMPA, FL 33612 |
SVP of Finance |
/s/ Kenneth Cragun | 06/14/2021 | |
**Signature of Reporting Person | Date |
* | 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) | Mr. Cragun was granted stock options to purchase 1,500,000 shares of the Issuer's Common Stock, which options vest ratably over four (4) years beginning on December 15, 2018. The options are exercisable for a period of ten years at an exercise price of $1.50 per share. Of these options, 968,750 shares of Common Stock are currently vested and exercisable. |
(2) | Mr. Cragun was granted performance-based stock options to purchase 1,000,000 shares of the Issuer's Common Stock, which options are exercisable for a period of ten (10) years at an exercise price of $1.50 per share. Of these options, no shares of Common Stock are currently vested and exercisable. |