4//SEC Filing
Macdonald Sean 4
Accession 0001062993-17-004465
CIK 0001456189other
Filed
Oct 15, 8:00 PM ET
Accepted
Oct 16, 10:37 AM ET
Size
13.4 KB
Accession
0001062993-17-004465
Insider Transaction Report
Form 4
Leatt CorpLEAT
Macdonald Sean
DirectorCEO, CFO
Transactions
- Award
Options to purchase Common Stock, par value $0.001 per share
2016-03-29+78,000→ 156,000 totalExercise: $2.60From: 2016-03-29Exp: 2026-03-28→ Common Stock, par value $0.001 per share (78,000 underlying) - Award
Options to purchase Common Stock, par value $0.001 per share
2017-08-24+78,000→ 156,000 totalExercise: $1.60From: 2017-12-31Exp: 2027-08-23→ Common Stock, par value $0.001 per share (78,000 underlying) - Exercise/Conversion
Options to purchase Common Stock, par value $0.001 per share
2016-09-01−78,000→ 78,000 totalExercise: $1.00From: 2012-02-01Exp: 2017-02-01→ Common Stock, par value $0.001 per share (46,800 underlying) - Tax Payment
Common Stock, par value $0.001 per share
2016-09-01$1.00/sh+46,800$46,800→ 46,800 total
Footnotes (3)
- [F1]On February 1, 2012, the Issuer's Board of Directors approved a grant to the Reporting Person, of a 5-year option to purchase 1,950,000 shares of the Issuer's common stock at $0.04 per share under the Issuer's 2011 Plan. After giving effect to the Reverse Split, the Reporting Person had vested options to purchase 78,000 shares of the Company's common stock at $1.00 per share. On September 1, 2016, the Reporting Person exercised his option to purchase all 78,000 shares at an aggregate exercise price of $78,000. The purchase price was paid through a cashless transaction whereby the Issuer withheld 31,200 of the shares in lieu of cash payment and the Reporting person received the remaining 46,800 shares.
- [F2]On March 29, 2016, the Issuer's Board of Directors approved a grant to the Reporting Person of a 10-year option to purchase another 78,000 shares of the Issuer's common stock at an exercise price of $2.60 a share under the Issuer's 2011 Plan, 23,400 of which immediately vested and another 23,400 of which vested on March 29, 2017. The remaining options to purchase 31,200 shares are scheduled to vest in equal parts on March 29, 2018 and 2019, respectively.
- [F3]On August 24, 2017, the Issuer's Board of Directors approved a grant to the Reporting Person of another 10-year option to purchase 78,000 shares of the Issuer's common stock at an exercise price of $1.60 a share under the Issuer's 2011 Plan, 31,200 of the options will vest on December 31, 2017 and the remaining options to purchase 46,800 shares will vest in equal portions on December 31, 2018 and 2019, respectively.
Issuer
Leatt Corp
CIK 0001456189
Entity typeother
Related Parties
1- filerCIK 0001553633
Filing Metadata
- Form type
- 4
- Filed
- Oct 15, 8:00 PM ET
- Accepted
- Oct 16, 10:37 AM ET
- Size
- 13.4 KB