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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
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 control number. | SEC 1474 (9-02) |
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 Underlying Securities (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 of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Common Stock Warrant (Right to Buy) | $ 0.45 | 09/06/2013 | D(1) | 44,859 | (2) | 12/02/2021 | Common Stock, par value $0.0001 | 44,859 | $ 0 | 0 | D | ||||
Common Stock Warrant (Right to Buy) | $ 0.1 | 09/06/2013 | A(1) | 44,859 | (2) | 12/02/2021 | Common Stock, par value $0.0001 | 44,859 | $ 0 | 44,859 | D | ||||
Common Stock Warrant (Right to Buy) | $ 0.3 | 09/06/2013 | D(1) | 67,576 | (2) | 12/30/2021 | Common Stock, par value $0.0001 | 67,576 | $ 0 | 0 | D | ||||
Common Stock Warrant (Right to Buy) | $ 0.1 | 09/06/2013 | A(1) | 67,576 | (2) | 12/30/2021 | Common Stock, par value $0.0001 | 67,576 | $ 0 | 67,576 | D | ||||
Common Stock Warrant (Right to Buy) | $ 0.26 | 09/06/2013 | D(1) | 68,768 | (2) | 01/26/2022 | Common Stock, par value $0.0001 | 68,768 | $ 0 | 0 | D | ||||
Common Stock Warrant (Right to Buy) | $ 0.1 | 09/06/2013 | A(1) | 68,768 | (2) | 01/26/2022 | Common Stock, par value $0.0001 | 68,768 | $ 0 | 68,768 | D | ||||
Common Stock Warrant (Right to Buy) | $ 0.35 | 09/06/2013 | D(1) | 69,770 | (2) | 02/23/2022 | Common Stock, par value $0.0001 | 69,770 | $ 0 | 0 | D | ||||
Common Stock Warrant (Right to Buy) | $ 0.1 | 09/06/2013 | A(1) | 69,770 | (2) | 02/23/2022 | Common Stock, par value $0.0001 | 69,770 | $ 0 | 69,770 | D | ||||
Common Stock Warrant (Right to Buy) | $ 0.35 | 09/06/2013 | D(1) | 68,855 | (2) | 03/22/2022 | Common Stock, par value $0.0001 | 68,855 | $ 0 | 0 | D | ||||
Common Stock Warrant (Right to Buy) | $ 0.1 | 09/06/2013 | A(1) | 68,855 | (2) | 03/22/2022 | Common Stock, par value $0.0001 | 68,855 | $ 0 | 68,855 | D | ||||
Common Stock Warrant (Right to Buy) | $ 0.28 | 09/06/2013 | D(1) | 86,937 | (2) | 04/19/2022 | Common Stock, par value $0.0001 | 86,937 | $ 0 | 0 | D | ||||
Common Stock Warrant (Right to Buy) | $ 0.1 | 09/06/2013 | A(1) | 86,937 | (2) | 04/19/2022 | Common Stock, par value $0.0001 | 86,937 | $ 0 | 86,937 | D | ||||
Common Stock Warrant (Right to Buy) | $ 0.14 | 09/06/2013 | D(1) | 16,768 | (2) | 08/16/2023 | Common Stock, par value $0.0001 | 16,768 | $ 0 | 0 | D | ||||
Common Stock Warrant (Right to Buy) | $ 0.1 | 09/06/2013 | A(1) | 16,768 | (2) | 08/16/2023 | Common Stock, par value $0.0001 | 16,768 | $ 0 | 16,768 | D | ||||
Common Stock Warrant (Right to Buy) | $ 0.12 | 09/06/2013 | D(1) | 28,900 | (2) | 08/30/2023 | Common Stock, par value $0.0001 | 28,900 | $ 0 | 0 | D | ||||
Common Stock Warrant (Right to Buy) | $ 0.1 | 09/06/2013 | A(1) | 28,900 | (2) | 08/30/2023 | Common Stock, par value $0.0001 | 28,900 | $ 0 | 28,900 | D | ||||
Common Stock Warrant (Right to Buy) | $ 0.25 | 09/06/2013 | D(1) | 33,172 | (3) | 12/31/2022 | Common Stock, par value $0.0001 | 33,172 | $ 0 | 0 | D | ||||
Common Stock Warrant (Right to Buy) | $ 0.1 | 09/06/2013 | A(1) | 33,172 | (3) | 12/31/2022 | Common Stock, par value $0.0001 | 33,172 | $ 0 | 33,172 | D | ||||
Employee Stock Option (Right to Buy) | $ 0.68 | 09/06/2013 | D(4) | 300,000 | 03/14/2011 | 12/02/2014 | Common Stock, par value $0.0001 | 300,000 | $ 0 | 0 | D | ||||
Employee Stock Option (Right to Buy) | $ 0.1 | 09/06/2013 | A(4) | 300,000 | 03/14/2011 | 12/02/2014 | Common Stock, par value $0.0001 | 300,000 | $ 0 | 300,000 | D | ||||
Employee Stock Option (Right to Buy) | $ 0.68 | 09/06/2013 | D(4) | 100,000 | 03/14/2011 | 04/28/2015 | Common Stock, par value $0.0001 | 100,000 | $ 0 | 0 | D | ||||
Employee Stock Option (Right to Buy) | $ 0.1 | 09/06/2013 | A(4) | 100,000 | 03/14/2011 | 04/28/2015 | Common Stock, par value $0.0001 | 100,000 | $ 0 | 100,000 | D | ||||
Employee Stock Option (Right to Buy) | $ 0.68 | 09/06/2013 | D(4) | 500,000 | 03/14/2011 | 10/01/2016 | Common Stock, par value $0.0001 | 500,000 | $ 0 | 0 | D | ||||
Employee Stock Option (Right to Buy) | $ 0.1 | 09/06/2013 | A(4) | 500,000 | 03/14/2011 | 10/01/2016 | Common Stock, par value $0.0001 | 500,000 | $ 0 | 500,000 | D | ||||
Employee Stock Option (Right to Buy) | $ 0.68 | 09/06/2013 | D(4) | 1,750,000 | 03/14/2011 | 02/11/2018 | Common Stock, par value $0.0001 | 1,750,000 | $ 0 | 0 | D | ||||
Employee Stock Option (Right to Buy) | $ 0.1 | 09/06/2013 | A(4) | 1,750,000 | 03/14/2011 | 02/11/2018 | Common Stock, par value $0.0001 | 1,750,000 | $ 0 | 1,750,000 | D | ||||
Employee Stock Option (Right to Buy) | $ 0.68 | 09/06/2013 | D(4) | 250,000 | (5) | 03/13/2021 | Common Stock, par value $0.0001 | 250,000 | $ 0 | 0 | D | ||||
Employee Stock Option (Right to Buy) | $ 0.1 | 09/06/2013 | A(4) | 250,000 | (5) | 03/13/2021 | Common Stock, par value $0.0001 | 250,000 | $ 0 | 250,000 | D | ||||
Employee Stock Option (Right to Buy) | $ 0.15 | 09/06/2013 | D(4) | 500,000 | (6) | 04/01/2023 | Common Stock, par value $0.0001 | 500,000 | $ 0 | 0 | D | ||||
Employee Stock Option (Right to Buy) | $ 0.1 | 09/06/2013 | A(4) | 500,000 | (6) | 04/01/2023 | Common Stock, par value $0.0001 | 500,000 | $ 0 | 500,000 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Doyle William R. VYSTAR CORPORATION, 3235 SATELLITE BLVD. BUILDING 400, SUITE 290 DULUTH, GA 30096 |
X | Chairman, President & CEO |
Gerald L. Baxter, Attorney-in-Fact | 01/08/2014 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 4(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). |
(1) | The reported transaction involved an amendment of the exercise price of an outstanding warrant, resulting in the deemed cancellation of the "old" warrant and the grant of a replacement warrant. |
(2) | The warrant is exercisable immediately. |
(3) | The warrant is exercisable 180 days from December 31, 2012, the date of issuance. |
(4) | The reported transaction involved an amendment of the exercise price of an outstanding stock option, resulting in the deemed cancellation of the "old" option and the grant of a replacement option. |
(5) | The options vest in equal annual installments beginning on March 14, 2012. |
(6) | 125,000 of the shares subject to the option shall vest and become exercisable if the Issuer's earnings before interest, taxes, depreciation, and amortization ("EBITDA") is zero; 250,000 of the shares subject to the option shall vest and become exercisable if the Issuer's EBITDA is $250,000; and 500,000 of the shares subject to the option shall vest and become exercisable if the Issuer's EBITDA is $500,000. |
Remarks: Form 2 of 3. |