4//SEC Filing
Macdonald Sean 4
Accession 0001062993-23-008120
CIK 0001456189other
Filed
Mar 30, 8:00 PM ET
Accepted
Mar 31, 9:28 AM ET
Size
9.4 KB
Accession
0001062993-23-008120
Insider Transaction Report
Form 4
Leatt CorpLEAT
Macdonald Sean
DirectorCEO, CFO
Transactions
- Tax Payment
Common Stock, par value $0.001 per share
2022-12-13$2.30/sh+69,030$158,769→ 277,809 total - Tax Payment
Common Stock, par value $0.001 per share
2022-12-13$1.60/sh+20,240$32,384→ 208,779 total - Award
Common Stock, par value $0.001 per share
2022-12-20$18.51/sh+10,000$185,100→ 287,809 total
Footnotes (3)
- [F1]On August 24, 2017, the Issuer's Board of Directors approved a grant to the Reporting Person, of a ten-year option to purchase 78,000 shares of the Issuer's common stock at $1.60 per share under the 2011 Plan, which vested in full on December 31, 2019. On December 13, 2022, the Reporting Person exercised his option to purchase 22,000 of these shares at an aggregate exercise price of $35,200. The purchase price was paid through a cashless transaction whereby the Issuer withheld 1,760 of the shares at the fair market value of $20 per share, in lieu of cash payment and the Reporting person received the remaining 20,240 shares.
- [F2]On February 25, 2019, the Issuer's Board of Directors approved a grant to the Reporting Person, of a ten-year option to purchase 78,000 shares of the Issuer's common stock at $2.30 per share under the 2011 Amended and Restated Equity Incentive Plan ("2011 Plan"), which vested in full on February 25, 2022. On December 13, 2022, the Reporting Person exercised his option to purchase these shares at an aggregate exercise price of $179,400. The purchase price was paid through a cashless transaction whereby the Issuer withheld 8,970 of the shares at the fair market value of $20 per share, in lieu of cash payment and the Reporting person received the remaining 69,030 shares.
- [F3]On December 20, 2022, the Issuer's Board approved the award of 10,000 restricted shares of the Issuer's common stock to the Reporting Person, pursuant to a Restricted Stock Award Agreement, under the Issuer's 2011 Plan, all of which vested on December 31, 2022. The Reporting Person is now the holder of 287,809 shares of the Issuer's common stock.
Issuer
Leatt Corp
CIK 0001456189
Entity typeother
Related Parties
1- filerCIK 0001553633
Filing Metadata
- Form type
- 4
- Filed
- Mar 30, 8:00 PM ET
- Accepted
- Mar 31, 9:28 AM ET
- Size
- 9.4 KB