Andrew J. MacMillan - 21 Jul 2021 Form 4 Insider Report for OMNIQ Corp. (OMQS)

Role
Director
Signature
/s/ Andrew J. MacMillan
Issuer symbol
OMQS
Transactions as of
21 Jul 2021
Net transactions value
+$41,791
Form type
4
Filing time
23 Jul 2021, 16:00:47 UTC
Next filing
01 Mar 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OMQS Common Stock Options Exercise $41,791 +18,996 $2.20 18,996 21 Jul 2021 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction OMQS Stock Option (right to buy) Options Exercise -25,000 $0 21 Jul 2021 Common stock 18,996 $2.20 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The stock options exercised herein reflect the cashless exercise of certain options scheduled to expire on August 2, 2021. In connection with the Company's 2014 Option Plan, 500,000 stock options were granted to Mr. MacMillan on August 2, 2017. Following the Company's 1-for-20 reverse stock split of its common stock, effective, November 20, 2019, the number of options in the stock option grant is 25,000. For this transaction, the number of options to be exercised by Mr. MacMillan is 25,000. Following the net exercise, Mr. MacMillan will have 0 remaining options from this class of options within the August 2, 2017 stock option grant.
F2 Upon exercise, the underlying net options convert into shares of the issuer's common stock on a one-for-one basis.