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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 Buy | $ 0.65 | 09/27/2021(2) | 09/27/2022 | Common Stock | 750,000 | 750,000 | D | ||||||||
Option to Buy | $ 1.38 | 12/31/2015(3) | 05/08/2020 | Common Stock | 25,000 | 25,000 | D | ||||||||
Option to Buy | $ 0.57 | (4) | 03/21/2020 | Common Stock | 170,000 | 170,000 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Kang Jin 7926 JONES BRANCH, SUITE 520 MCCLEAN, VA 22102 |
X | CEO |
/s/ John J. Wolfel, Attorney-in-Fact for Jin Kang | 11/29/2018 | |
**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 price reported in Column 4 is a weighted average price. The shares were purchased in multiple transactions at prices ranging from $0.48 to $0.50, inclusive. The Reporting Person undertakes to provide Widepoint Corporation (the "Company"), any security holder of the Company, or the staff of the Securities & Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth herein. |
(2) | Grant of stock options under the Company's Stock Incentive Plan. The stock options vest 100% on September 27, 2021, subject to continued employment, and vesting may be accelerated upon the satisfaction of certain performance criteria. |
(3) | Options became fully vested on December 31, 2016. |
(4) | One-third (1/3) of the options vested on each of the 12-month, 24-month and 36-month anniversaries of March 21, 2013, such that all options became fully vested on March 21, 2016. |