4//SEC Filing
Staffing 360 Solutions, Inc. 4
Accession 0001144204-15-000216
CIK 0001499717operating
Filed
Jan 1, 7:00 PM ET
Accepted
Jan 2, 7:55 PM ET
Size
12.5 KB
Accession
0001144204-15-000216
Insider Transaction Report
Form 4
Briand Matthew James
DirectorChief Executive Officer
Transactions
- Other
Warrants for Debt Conversion
2015-01-01+1,123,352→ 1,123,352 totalExercise: $1.25From: 2015-01-01Exp: 2025-01-01→ Warrant (1,123,352 underlying) - Award
Options Pursuant to Plan
2014-01-28+264,000→ 264,000 totalExercise: $1.00From: 2015-01-28Exp: 2019-01-28→ Option (264,000 underlying) - Other
Common Stock, $0.00001 par value per share
2015-01-01$1.00/sh+1,021,230$1,021,230→ 1,948,429 total - Award
Options Pursuant to Plan
2014-01-28+66,000→ 66,000 totalExercise: $2.00From: 2014-01-28Exp: 2019-01-28→ Option (66,000 underlying)
Footnotes (2)
- [F1]These transactions are part of the conversion of an aggregate of $1,021,230 of principal and interest payments through the maturity date of a promissory note issued in connection with the acquisition of Initio International Holdings, Inc. ("Initio") into (i) 1,021,230 shares (the "Shares") of the Company's restricted common stock, par value $.00001 per share (the "Common Stock") (at the rate of $1.00 per share), and (ii) warrants to purchase 1,123,352 shares of Common Stock at a per share exercise price of $1.25 per share, exercisable for ten (10) years from the date of conversion.
- [F2]These options were awarded on 1/28/2014 as part of the Company's stock option plan. They vest as follows: i) 66,000 of the options vest immediately at an exercise price of $2.00 (see Row #1), and ii) 66,000 vest each anniversary until an additional 264,000 options have vested at an exercise price of $1.00 (see Row #2). Each of the options are exercisable for a term of 5 years of the initial transaction date (i.e. 1/28/2019).
Documents
Issuer
Staffing 360 Solutions, Inc.
CIK 0001499717
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001499717
Filing Metadata
- Form type
- 4
- Filed
- Jan 1, 7:00 PM ET
- Accepted
- Jan 2, 7:55 PM ET
- Size
- 12.5 KB