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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) |
1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and Amount of Underlying Securities (Instr. 3 and 4) |
8. Price of Derivative Security (Instr. 5) |
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Options | $ 5.83 | 01/28/2014 | A | 75,000 | 01/28/2014(1) | 01/28/2019 | Common Stock | 75,000 | $ 0 (2) | 1,237,500 (3) | D | ||||
Options | $ 5.83 | 01/28/2014 | A | 600,000 | 01/28/2014(4) | 01/28/2019 | Common Stock | 600,000 | $ 0 (5) | 1,237,500 (6) | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Hayes Anthony C/O SPHERIX INCORPORATED 7927 JONES BRANCH DRIVE, SUITE 3125 TYSONS CORNER, VA 22102 |
CHIEF EXECUTIVE OFFICER |
/s/ Anthony Hayes | 01/29/2014 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) | 50% of the 75,000 options granted on January 28, 2014 vest immediately and the remaining 50% shall vest January 28, 2015, provided that Mr. Kesner is not removed as a director for cause. |
(2) | Issued in connection with the Company's January 28, 2014 option grants to each sitting director. |
(3) | Includes 562,500 previously issued options and 600,000 options issued January 28, 2014. |
(4) | The options will vest pursuant to performance targets to be provided. |
(5) | Issued as consideration for reaching performance targets in 2013. |
(6) | Includes 562,500 previously issued options and 75,000 options issued January 28, 2014. |