Blue Sphere Corp. director just picked up 850,000 shares

Joshua Shoham, a director of Blue Sphere Corp., recently acquired 850,000 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 December 20, 2016. Shoham now owns 3,834,001 shares of the company. Shoham operates out of Charlotte, NC. Some additional info was provided as follows:

The 850,000 shares of Common Stock acquired by the reporting person represent 850,000 shares issuable pursuant to Mr. Shoham's Advisory Agreement with Blue Sphere Corporation, dated November 15, 2015, which vested on the one-year anniversary. Mr. Shoham received a stock award pursuant to the Company's 2014 Incentive Plan on February 24, 2015 for 3,500,000 shares of Common Stock, which vests in quarterly instal lments. As of the date of this report, 1,500,000 of such shares have vested and been issued, 1,312,500 shares have vested but have not yet been issued, and 729,167 shares remain to be vested. 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 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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