George Frederick Schmitt Form 4 Vislink / George Frederick Schmitt ownership change

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Schmitt George Frederick

(Last) (First) (Middle)

240 SOUTH PINEAPPLE AVENUE, SUITE 701

(Street)

SARASOTA FL 34236

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Vislink Technologies, Inc. [ VISL ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
08/23/2018

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock								86,419(1)	D
Common Stock	08/23/2018		J(2)		52	D	$0	86,367(1)	D
Common Stock	12/31/2018		J(3)		177	D	$0	86,190(1)	I	By MB Technology Holdings, LLC(2)
Common Stock	05/24/2019		A		3,858(5)	A	$1.62	90,048(1)	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Warrants	$159,600	08/23/2013		J(2)			52	(2)	08/23/2018	Common Stock	52	$0	0	D
Stock Option (Right to Buy)	$82,440	12/31/2018		J(3)			177	(3)	01/16/2018	Common Stock	177	$0	0	I	By MB Technology Holdings, LLC(2)
Options (Right to buy)	$15.5	03/24/2017		A		0(4)		(4)	03/24/2027	Common Stock	5,000	$0	5,000	D

Explanation of Responses:

1. Shares have been split-adjusted pursuant to the Company's 1-for-10 reverse stock split effective May 13, 2019

2. Mr. Schmitt owned warrants that expired August 23, 2018.

3. MB Technology Holdings, LLC held warrants that expired on January 16, 2018. Mr. Schmitt has a direct 76.24% ownership in MB Technology Holdings, LLC.

4. These options were granted on March 24, 2017 under the 2016 Incentive Compensation Plan. The options vest over three years with 5,000 shares subject to the options vesting on the first anniversary of the grant, 5,000 vesting on the second anniversary of the grant, and 5,000 vesting on the third anniversary of the grant, until fully vested on March 24, 2020.

5. The shares were received as compensation for Mr. Schmitt's service as a member of the Board of Directors of the Issuer for the 1st quarter of fiscal year 2019, ending March 31, 2019.

	/s/ George F. Schmitt	05/30/2019
	** Signature of Reporting Person	Date
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