0001493152-21-023594.txt : 20210924 0001493152-21-023594.hdr.sgml : 20210924 20210924161941 ACCESSION NUMBER: 0001493152-21-023594 CONFORMED SUBMISSION TYPE: 4/A PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20200821 FILED AS OF DATE: 20210924 DATE AS OF CHANGE: 20210924 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: CARLISE THERESA CENTRAL INDEX KEY: 0001086391 FILING VALUES: FORM TYPE: 4/A SEC ACT: 1934 Act SEC FILE NUMBER: 001-40447 FILM NUMBER: 211277550 MAIL ADDRESS: STREET 1: 507 FOREST AVE STREET 2: C/O NATIONAL RECORD MART INC CITY: CARNEGIE STATE: PA ZIP: 15106 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: ORBSAT CORP CENTRAL INDEX KEY: 0001058307 STANDARD INDUSTRIAL CLASSIFICATION: TELEPHONE COMMUNICATIONS (NO RADIO TELEPHONE) [4813] IRS NUMBER: 650783722 STATE OF INCORPORATION: NV FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 18851 NE 29THAVENUE STREET 2: SUITE 700 CITY: AVENTURA STATE: FL ZIP: 33180 BUSINESS PHONE: 1-305-560-5355 MAIL ADDRESS: STREET 1: 18851 NE 29THAVENUE STREET 2: SUITE 700 CITY: AVENTURA STATE: FL ZIP: 33180 FORMER COMPANY: FORMER CONFORMED NAME: Orbital Tracking Corp. DATE OF NAME CHANGE: 20150128 FORMER COMPANY: FORMER CONFORMED NAME: Great West Resources, Inc. DATE OF NAME CHANGE: 20140514 FORMER COMPANY: FORMER CONFORMED NAME: SILVER HORN MINING LTD. DATE OF NAME CHANGE: 20110429 4/A 1 ownership.xml X0306 4/A 2020-08-21 2020-09-01 0 0001058307 ORBSAT CORP OSAT 0001086391 CARLISE THERESA C/O ORBSAT CORP 18851 N.E. 29TH AVE., SUITE 700 AVENTURA FL 33180 0 1 0 0 Chief Accounting Officer Common Stock, par value $0.0001 2020-08-21 4 A 0 1000 0.00 A 1000 D Common Stock, par value $0.0001 2021-09-23 4 M 0 14200 1.00 A 15200 D Common Stock, par value $0.0001 2021-09-23 4 F 0 2763 5.14 D 12437 D Non-Qualified Stock Option (right to buy) 1.00 2020-08-21 4 A 0 14200 0.00 A 2030-08-20 Common Stock 14200 14200 D Non-Qualified Stock Option (right to buy) 1.00 2021-09-23 4 M 0 14200 0.00 D 2030-08-20 Common Stock 14200 0 D This Form 4 Amendment is being submitted to correct the disclosure regarding the options granted on 8/21/2020. On May 28, 2021, the Issuer effected a 1-for-5 reverse stock split of its common stock (the "Reverse Stock Split"). The amount of securities reported on this Form 4 have been adjusted to reflect the Reverse Stock Split. Represents restricted stock awarded by the Board of Directors on 8/21/2020 and granted pursuant to the Company's 2020 Equity Incentive Plan. On September 23, 2021, the reporting person exercised options to purchase 14,200 shares at $1.00 per share. The Reporting Person paid the exercise price on a cashless basis (a "net exercise"), resulting in the Issuer withholding 2,763 of the option shares to pay the exercise price and issuing to the Reporting Persons the remaining 11,437 shares. The grant of these options was approved by the Registrants Board of Directors on 8/21/2020 and subject to the Company's 2020 Equity Incentive Plan. All options vested immediately upon grant date. /s/ Theresa Carlise 2021-09-24