Key facts
- This page summarizes James M. Demitrieus's Form 4 filing for IMAGEWARE SYSTEMS INC.
- 2 reported transactions and 1 derivative row are listed below.
- Accepted by SEC: 19 Nov 2021, 17:15.
James M. Demitrieus - 18 Nov 2021 Form 4 Insider Report for IMAGEWARE SYSTEMS INC
- Reporting relationship
- Director
- Issuer ticker
- N/A
- Reported as of
- 18 Nov 2021
- Net transaction value
- $0
- Reporting owner signature
- /s/ James Demitrieus
Source evidence
Original filing metadata and source links for verification.
3 source fields
Reporting owner
1 detail
Key filing fact
James M. Demitrieus filed Form 4 for IMAGEWARE SYSTEMS INC on 19 Nov 2021.
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
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
IWSY
transaction
Common Stock
Award
- Transaction value
- $0
- Shares
- +2,675,000
- Change %
- Price
- $0.000000
- Shares after
- 2,675,000
- Date
- 18 Nov 2021
- Ownership
- Direct
- Footnotes
- F1, F2
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
IWSY
transaction
Derivative
Stock Options
Disposed to Issuer
- Transaction value
- $0
- Shares
- -1,300,000
- Change %
- -100%
- Price
- $0.000000*
- Shares after
- 0
- Date
- 18 Nov 2021
- Ownership
- Direct
- Underlying class
- Common Stock
- Underlying amount
- 1,300,000
- Exercise price
- $0.0670
- Footnotes
- F1, 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
Pursuant to an Equity Incentive Cancellation Agreement (the "Agreement") entered into by the Reporting Person and the Issuer, certain outstanding stock options previously acquired in a transaction exempt under Rule 16b-3(d) were cancelled by the Issuer in exchange for the issuance to the Reporting Person of Restricted Stock Units ("RSUs") granted pursuant to the Issuer's 2020 Equity Incentive Plan. The transaction was approved by the Company's Board of Directors and is exempt under Rule 16b-3(d) and Rule 16b-3(e)
Footnote F2
Represents grant of RSUs. Each RSU represents a contingent right to receive one share of the Issuer's common stock. 1,337,500 shares vest April 1, 2022, 74,315 shares vest on May 1, 2022, and the remainder vest ratably on a monthly basis over the subsequent seventeen month period, becoming fully vested on October 1, 2023, subject to continued employment, contracting or engagement with the company at the time of vesting; provided, however, that all unvested RSUs shall vest 100% upon a change in control of the Company.
Footnote F3
800,000 of the stock options vested on the grant date of April 16, 2021, with the remainder scheduled to vest in monthly installments of 62,500 stock options thereafter.