Shlomo Palas, Blue Sphere Corp.'s CEO and President and a director of the company, recently acquired 1,615,044 shares of the company. The buys took place at $0.00 per share (and therefore, likely the result of option or restricted share grants), on June 13, 2016. Palas now owns 3,539,137 shares of the company. Palas operates out of Charlotte, NC. Some additional info was provided as follows:
The 1,615,044 shares of Common Stock acquired by the reporting person represent (a) 115,044 shares awarded pursuant to a one-time grant under the issuer's Global Share Incentive Plan (2010) and (b) 1,500,000 shares awarded pursuant to a stock award under the issuer's Global Share 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 3,600,000 shares of Common Stock and vests in quarterly installments. As of the date of this report, 1,500,000 of such shares have vested and been issued and 2,100,000 of such shares remain to be vested and/or issued. The 2,100,000 shares that have not yet vested and/or been issued are not included in the number of securities beneficially owned in Table I, Column 5 of this report.
The above information was disclosed in a filing to the SEC. To see the filing, click here.
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