Patrick J. Maley - 29 Aug 2022 Form 3 Insider Report for PowerFleet, Inc. (AIOT)

Source evidence Original filing metadata and source links for verification. 3 source fields
SEC form
3
Accepted by SEC
09 Sep 2022, 16:24:37 UTC
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Patrick J. Maley

Key filing fact

Patrick J. Maley filed Form 3 for PowerFleet, Inc. (AIOT) on 09 Sep 2022.

Key facts

  • This page summarizes Patrick J. Maley's Form 3 filing for PowerFleet, Inc. (AIOT).
  • 0 reported transactions and 2 derivative rows are listed below.
  • Accepted by SEC: 09 Sep 2022, 16:24.

Change

  • No earlier filing in this sequence is available for direct comparison.
  • Current net transaction value: $0.

Research use

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Evidence

Official SEC source

Ownership activity is grounded in SEC Form 3 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

PWFL holding

Common Stock, par value $0.01 per share

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
75,000
Date
29 Aug 2022
Ownership
Direct
Footnotes
F1

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

PWFL holding Derivative

Employee Stock Options (right to buy)

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
Date
29 Aug 2022
Ownership
Direct
Underlying class
Common Stock, par value $0.01 per share
Underlying amount
150,000
Exercise price
$2.85
Footnotes
F2
PWFL holding Derivative

Employee Stock Options (right to buy)

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
Date
29 Aug 2022
Ownership
Direct
Underlying class
Common Stock, par value $0.01 per share
Underlying amount
450,000
Exercise price
$2.85
Footnotes
F3
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 3 footnotes

Footnote F1

Consists of 75,000 restricted shares of common stock, par value $0.01 per share ("Common Stock"), of PowerFleet, Inc. (the "Company") granted to Patrick Maley (the "Reporting Person") under the Company's 2018 Incentive Plan, as amended (the "2018 Plan"), which vest as to 25% of such shares on each of the first, second, third and fourth anniversaries of March 7, 2022 (the "Grant Date"), provided that the Reporting Person is employed by the Company on each such date.

Footnote F2

On the Grant Date, the Reporting Person was granted options to purchase 150,000 shares of Common Stock under the 2018 Plan. Subject to the terms and conditions of a stock option grant agreement and the 2018 Plan, this award vests as to 25% of such options on each of the first, second, third and fourth anniversaries of the Grant Date, provided that the Reporting Person is employed by the Company on each such date.

Footnote F3

On the Grant Date, the Reporting Person was granted options to purchase 450,000 shares of Common Stock under the 2018 Plan. Subject to the terms and conditions of a stock option grant agreement and the 2018 Plan, this award vests in full if the volume weighted average price of the Common Stock during a consecutive 60 trading day period (the "60 Day VWAP") reaches $12.00 per share, provided that the Reporting Person is employed by the Company on such date.

SEC remarks

Exhibit 24 - Power of Attorney.

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