UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549INITIAL 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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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | SEC 1473 (7-02) | ||
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. |
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 of Derivative Security: Direct (D) or Indirect (I) (Instr. 5) |
6. Nature of Indirect Beneficial Ownership (Instr. 5) |
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Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||
Restricted Stock | (1) | 01/01/2021 | Common Stock | 1,671 | $ (2) | D | |
Restricted Stock | (1) | 01/01/2022 | Common Stock | 13,358 | $ (3) | D | |
Restricted Stock Units | (4) | 07/01/2023 | Common Stock | 8,000 | $ (5) | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
McCullough David R C/O AKERNA CORP. 1601 ARAPAHOE STREET DENVER,, CO 32836 |
Chief Technology Officer |
/s/ David R. McCullough | 08/19/2020 | |
**Signature of Reporting Person | Date |
* | 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). |
(1) | Each share of Restricted Stock ("RS") represents a contingent right to receive one share of common stock of Akerna Corp, (the Company"). The Company may also elect to settle the vested RS in cash or stock at the Company's sole discretion. |
(2) | Represents 1,671 unvested RS granted to Mr. McCullough subject to the terms of a restricted stock agreement. The RSs vest on January 1, 2021. |
(3) | Represents 13,358 unvested RS granted to Mr. McCullough subject to the terms of a restricted stock agreement. The RSs vest as follows: 6,679 on January 1, 2021 and 6,679 on January 1, 2022. |
(4) | Each restricted stock unit ("RSU") represents a contingent right to receive one share of common stock of Akerna Corp, (the "Company"). The Company may also elect to settle the vested RSUs in cash or stock, in the Company's sole discretion. |
(5) | Mr. McCullough was granted 8,000 RSUs under the Akerna Corp 2019 Long Term Incentive Plan (the "Plan"). The RSUs vest as follows: 2,000 on July 1, 2020; 2,000 on July 1, 2021; 2,000 on July 1, 2022; and 2,000 on July 1, 2023. |