Yigal Brosh, a director of Blue Sphere Corp., has just filed an initial statement of beneficial ownership where 245,833 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 Brosh. Brosh operates out of Charlotte, NC. Some additional info was provided as follows:
The 245,833 shares of Common Stock owned by the reporting person were issued on June 13, 2016. The 245,833 shares include (a) 100,000 shares awarded pursuant to a one-time grant under the issuer's Global Share Incentive Plan (2010) and (b) 145,833 shares awarded pursuant to a stock award under the issuer's Global Share and Options Incentive Enhancement Plan (2014) (the "2014 Incentive Plan"). The sto
ck award under the 2014 Incentive Plan was granted on February 24, 2015 for 350,000 shares of Common Stock and vests in quarterly installments. As of the date of this report, 145,833 of such shares have vested and been issued and 204,167 of such shares remain to be vested and/or issued. The 204,167 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 350,000 shares of Common Stock and vests in quarterly installments. As of the date of this report, 145,833 of such shares have been issued and 204,167 shares have not been issued (of which, 87,500 shares have vested and 116,667 shares are unvested).
The stock options were granted under the 2014 Incentive Plan. The options have not been issued by the company, but if issued, they will vest on a quarterly basis over a two-year period and have an exercise price of $0.14 per share.
The above information was disclosed in a filing to the SEC. To see the filing, click here.
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