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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 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. | |||
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. | SEC 1474 (9-02) |
1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and Amount of Underlying Securities (Instr. 3 and 4) |
8. Price of Derivative Security (Instr. 5) |
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Option to Purchase Common Stock | $ 1.87 | 06/12/2018 | M | 2,938 | (2) | 05/06/2026 | Common Stock | 2,938 | $ 0 | 255,524 | D | ||||
Option to Purchase Common Stock | $ 4.8 | 06/12/2018 | M | 1,300 | (3) | 12/18/2024 | Common Stock | 1,300 | $ 0 | 369,700 | D | ||||
Option to Purchase Common Stock | $ 5 | 06/12/2018 | M | 20,000 | (4) | 08/19/2025 | Common Stock | 20,000 | $ 0 | 807,000 | D | ||||
Warrant to Purchase Common Stock | $ 5.88 | 06/12/2018 | X | 5,001 | (5) | 12/31/2018 | Common Stock | 5,001 | $ 0 | 0 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
SHELTON JERRELL 980 OVERTON LEA ROAD NASHVILLE, TN 37220 |
X | Chief Executive Officer |
/s/ Jerrell Shelton | 06/14/2018 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 4(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) | The reporting person exercised a warrant to purchase 5,001 shares for $5.88 per share. The reporting person paid the exercise price on a cashless basis, resulting in the Company's withholding of 2,749 shares to pay the exercise price and issuing to the reporting person the remaining 2,252 shares. |
(2) | 1/48 of the 280,000 options originally granted vest on the 6th of each month for forty-eight months beginning on May 6, 2016. |
(3) | 1/48 of the 387,501 options originally granted vest on the 18th of each month for forty-eight months beginning on January 18, 2015. |
(4) | 1/48 of the 827,000 options originally granted vest on the 19th of each month for forty-eight months beginning on August 19, 2015. |
(5) | Warrants to purchase 2,917 shares were exercisable on December 11, 2013 and warrants to purchase 2,084 shares were exercisable on January 10, 2014, in each case, the date of issuance. |