Joshua Shoham, a director of Blue Sphere Corp., has just filed an initial statement of beneficial ownership where 2,984,001 shares of Blue Sphere Corp. were declared. This form is usually filed as a prelude to receiving options or buying company shares, so there may be more to come from Shoham. Shoham operates out of Charlotte, NC. Some additional info was provided as follows:
The 2,984,001 shares of Common Stock owned by the reporting person includes 2,160,104 shares issued on June 13, 2016. The 2,160,104 shares issued on June 13, 2016 represent (a) 101,770 shares awarded pursuant to a one-time grant under the issuer's Global Share Incentive Plan (2010) (the "2010 Incentive Plan") and (b) 1,458,333 shares awarded pursuant to a stock award under the issuer's Global S
hare and Options Incentive Enhancement Plan (2014) (the "2014 Incentive Plan"). The stock award under the 2014 Incentive Plan was granted on February 24, 2015 for 3,500,000 shares of Common Stock and vests in quarterly installments. As of the date of this report, 1,458,333 of such shares have vested and been issued and 2,041,667 of such shares remain to be vested and/or issued. The 2,041,667 shares that have not yet vested and/or been issued are not included in the number of securities beneficially owned in Table I, Column 2 of this report.
The stock award under the 2014 Incentive Plan was granted on February 24, 2015 for 3,500,000 shares of Common Stock and vests in quarterly installments. As of the date of this report, 1,458,333 of such shares have been issued and 2,041,667 shares have not been issued (of which, 437,500 shares have vested and 1,604,167 shares are unvested).
The stock options were awarded under the 2010 Incentive Plan on April 30, 2013. As of the date of this report, the stock options are exercisable.
The above information was disclosed in a filing to the SEC. To see the filing, click here.
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