4//SEC Filing
SILVERMAN SCOTT R 4
Accession 0001213900-19-014154
CIK 0001421636other
Filed
Jul 30, 8:00 PM ET
Accepted
Jul 31, 4:03 PM ET
Size
8.6 KB
Accession
0001213900-19-014154
Insider Transaction Report
Form 4
SILVERMAN SCOTT R
CEO, PRESIDENT
Transactions
- Award
Common Stock
2019-07-29+3,000,000→ 6,970,120 total - Award
Common Stock
2019-07-29$0.05/sh+800,000$40,000→ 7,770,120 total - Award
Common Stock
2019-07-12$0.04/sh+2,000,000$80,000→ 3,970,120 total
Footnotes (3)
- [F1]On July 12, 2019, Scott R. Silverman elected to convert $80,000 of deferred compensation owed to him into 2,000,000 shares of Common Stock. The Company believes that this compensation is not taxable until the shares vest, which date is May 1, 2020.The vesting date may be extended by mutual consent of the Board of Directors and Mr. Silverman.
- [F2]Shares granted to Mr. Silverman as 2019 incentive compensation. The shares were issued pursuant to a Restricted Stock Award Agreement dated July 29, 2019. The Company believes that this compensation is not taxable until the shares vest, which date is May 1, 2020. The vesting date may be extended by mutual consent of the Board of Directors and Mr. Silverman.
- [F3]On July 29, 2019, Scott R. Silverman elected to convert $40,000 of deferred compensation owed to him into 800,000 shares of Common Stock. The Company believes that this compensation is not taxable until the shares vest, which date is May 1, 2020.The vesting date may be extended by mutual consent of the Board of Directors and Mr. Silverman.
Documents
Issuer
C-Bond Systems, Inc
CIK 0001421636
Entity typeother
Related Parties
1- filerCIK 0001195639
Filing Metadata
- Form type
- 4
- Filed
- Jul 30, 8:00 PM ET
- Accepted
- Jul 31, 4:03 PM ET
- Size
- 8.6 KB