SEC Form 3
FORM 3 | UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES 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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1. Name and Address of Reporting Person*
(Street)
| 2. Date of Event Requiring Statement (Month/Day/Year) 08/11/2017 | 3. Issuer Name and Ticker or Trading Symbol Frankly Inc [ FKLY ] | |||||||||||||
4. Relationship of Reporting Person(s) to Issuer (Check all applicable)
| 5. If Amendment, Date of Original Filed (Month/Day/Year) | ||||||||||||||
6. Individual or Joint/Group Filing (Check Applicable Line)
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Table I - Non-Derivative Securities Beneficially Owned | |||
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1. Title of Security (Instr. 4) | 2. Amount of Securities Beneficially Owned (Instr. 4) | 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 4. Nature of Indirect Beneficial Ownership (Instr. 5) |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||
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1. Title of Derivative Security (Instr. 4) | 2. Date Exercisable and Expiration Date (Month/Day/Year) | 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) | 4. Conversion or Exercise Price of Derivative Security | 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 6. Nature of Indirect Beneficial Ownership (Instr. 5) | ||
Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||
Stock options to purchase common shares | 02/01/2013 | 08/07/2023 | Incentive Stock Option | 5,081 | 7.97 | D | |
Stock options to purchase common shares | 02/01/2015 | 08/07/2023 | Incentive Stock Option | 7,622 | 7.97 | D | |
Stock options to purchase common shares(1) | (1) | 01/29/2025 | Incentive Stock Option | 13,951 | 7.1 | D | |
Stock options to purchase common shares(2) | (2) | 02/01/2025 | Incentive Stock Option | 7,472 | 7.1 | D | |
Stock options to purchase common shares(3) | (3) | 02/10/2026 | Incentive Stock Option | 24,221 | 7.1 | D | |
Stock options to purchase common shares(4) | (4) | 03/03/2027 | Incentive Stock Option | 20,284 | 7.1 | D | |
Restricted stock units convertible to common shares(5) | (5) | (5) | Restricted Stock Unit | 11,323 | 0 | D | |
Restricted stock units convertible to common shares(6) | (6) | (6) | Restricted Stock Unit | 11,765 | 0 | D |
Explanation of Responses: |
1. Out of the 13,951 options, 9,300 options will be vested and exercisable by 10/10/2017. The remaining options will be vested monthly by 1/48 of the issued amount after 10/10/2017. |
2. Out of 7,472 options, 4,981 options will be vested and exercisable by 10/10/2017. The remaining options will be vested monthly by 1/48 of the issued amount after 10/10/2017. |
3. Out of 24,221 options, 10,092 options will be vested and exercisable by 10/10/2017. The remaining options will be vested monthly by 1/48 of the issued amount after 10/10/2017. |
4. 1/4 of the issued amount will be vested at 3/3/2018, and the remainder will be vested monthly by 1/48 of the issued amount thereafter |
5. 2/3 of the issued amount will be vested at 9/8/2017 and the remaining 1/3 of the amount will be vested at 3/8/2018 |
6. The issued RSUs will be vested annually from 3/3/2017 until 2021 at equal amount vesting each time |
/s/ Steve Chung | 08/11/2017 | |
** Signature of Reporting Person | Date | |
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v). | ||
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). | ||
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. |