Filing Details
- Accession Number:
- 0001192482-18-000029
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2018-01-05 16:04:00
- Reporting Period:
- 2017-12-29
- Accepted Time:
- 2018-01-05 16:04:00
- SEC Url:
- Form 4 Filing
Issuer
| Cik | Name | Symbol | Sector (SIC) | IRS No |
|---|---|---|---|---|
| 1157817 | Sito Mobile Ltd. | SITO | Services-Business Services, Nec (7389) | 134122844 |
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1708955 | Thomas Pallack | C/O Sito Mobile, Ltd. 100 Town Square Place, Suite 204 Jersey City NJ 07301 | Chief Executive Officer | Yes | Yes | No | No |
Reported Non-Derivative Transactions
| Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|---|---|---|---|---|---|
| Common Stock | Acquisiton | 2017-12-29 | 5,625 | $6.60 | 1,064,675 | No | 4 | P | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | P | Direct |
Footnotes
- The purchases reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on December 15, 2017.
- The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $6.35 to $6.77, inclusive. The reporting person undertakes to provide to SITO Mobile, Ltd. (the "Issuer"), any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in footnote (2) to this Form 4.
- Includes 1,028,050 restricted stock units ("RSU"), each of which represents the contingent right to receive one share of the Issuer's common stock. Such RSUs will vest with respect to (A) 20% of such RSUs in the event the average closing price of the Issuer common stock is at least $7.00 per share for 65 consecutive trading days, (B) an additional 30% of such RSUs in the event the average closing price of the Issuer's common stock is at least $10.00 per share for 65 consecutive trading days and (C) the remaining 50% of such RSUs in the event the average closing price of the Issuer's common stock is at least $15.00 per share for 65 consecutive trading days. RSUs may be settled in common stock or cash, at the election of the Issuer.
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