Squires Stephen 4
4 · QUANTUM MATERIALS CORP. · Filed Nov 14, 2019
Insider Transaction Report
Form 4
Squires Stephen
DirectorPresident & CEO10% Owner
Transactions
- Award
Common Stock
2019-02-22$0.02/sh+5,000,000$100,000→ 19,903,301 total - Award
Common Stock Options
2019-02-22+5,000,000→ 50,031,250 totalExercise: $0.02From: 2019-02-22Exp: 2024-02-22→ Common Stock (25,000,000 underlying)
Footnotes (3)
- [F1]Does not include 1,537,500 options owned by Mr. Squire's wife.
- [F2]Mr. Squires was granted five-year options to purchase 15,000,000 shares of common stock, exercisable at $.12 per share, with one-third vesting on July 1, 2017, one-third vesting on July 1, 2018 and one-third vesting on July 1, 2019. These options are granted outside of any stock option plan and shall contain cashless exercise provisions.
- [F3]Mr. Squires was granted an additional 10,000,000 five-year options, exercisable at $.12 per share, with vesting to occur only in the event that the outstanding shares of the Company's common stock reaches a market cap of at least $100 million for at least five consecutive trading days or control of the Company is sold during the term of the options based upon a purchase price paid to the Company and/or its shareholders of at least $90 million. These options are granted outside of any stock option plan and shall contain cashless exercise provisions