Blue Sphere Corp.'s CEO and President just picked up 1,800,000 shares

Shlomo Palas, Blue Sphere Corp.'s CEO and President and a director of the company, recently acquired 1,800,000 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 30, 2016. Palas now owns 6,115,491 shares of the company. Palas operates out of Charlotte, NC. Some additional info was provided as follows:

The 1,800,000 shares of Common Stock acquired by the reporting person represent 1,800,000 shares awarded pursuant to a stock award under the Issuer's Global Share and Options Incentive Enhancement Plan (2014) (the "2014 Incentive Plan") which vested during 2016. 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, 3,300,000 of such shares have been issued and 300,000 of such shares have not vested and have not been issued. The 300,000 shares that have not yet vested and not been issued are not included in the number of securities beneficially owned in Table I, Column 5 of this report. 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, 3,300,000 of such shares have been issued and 300,000 of such shares have not vested and have not been issued.

The above information was disclosed in a filing to the SEC. To see the filing, click here.

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Other recent filings from the company include the following:

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