0001415889-22-006723.txt : 20220617
0001415889-22-006723.hdr.sgml : 20220617
20220617161451
ACCESSION NUMBER: 0001415889-22-006723
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20220322
FILED AS OF DATE: 20220617
DATE AS OF CHANGE: 20220617
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: MILLS RICHARD C
CENTRAL INDEX KEY: 0001076128
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-33169
FILM NUMBER: 221024007
MAIL ADDRESS:
STREET 1: C/O POMEROY COMPUTER RESOURCES INC
STREET 2: 1020 PETERSBURG ROAD
CITY: HEBRON
STATE: KY
ZIP: 41048
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: CREATIVE REALITIES, INC.
CENTRAL INDEX KEY: 0001356093
STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-COMPUTER INTEGRATED SYSTEMS DESIGN [7373]
IRS NUMBER: 411967918
STATE OF INCORPORATION: MN
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 13100 MAGISTERIAL DRIVE
STREET 2: SUITE 100
CITY: LOUISVILLE
STATE: KY
ZIP: 40223
BUSINESS PHONE: 502-791-8800
MAIL ADDRESS:
STREET 1: 13100 MAGISTERIAL DRIVE
STREET 2: SUITE 100
CITY: LOUISVILLE
STATE: KY
ZIP: 40223
FORMER COMPANY:
FORMER CONFORMED NAME: WIRELESS RONIN TECHNOLOGIES INC
DATE OF NAME CHANGE: 20060313
4
1
form4-06172022_010633.xml
X0306
4
2022-03-22
0001356093
CREATIVE REALITIES, INC.
CREX
0001076128
MILLS RICHARD C
13100 MAGISTERIAL DRIVE, SUITE 100
LOUISVILLE
KY
40223
true
true
false
false
CHIEF EXECUTIVE OFFICER
Common Stock
702259
D
Common Stock
87976
I
By RFK Communications, LLC
Stock Options (right to buy)
2.53
2022-03-22
4
A
0
160000
0
A
2022-03-22
2030-05-20
Common Stock
160000
160000
D
Stock Options (right to buy)
1
2022-06-15
4
A
0
1000000
0
A
2025-06-15
Common Stock
1000000
1000000
D
The Reporting Person is a principal of RFK Communications, LLC and has voting and investment power for this entity.
On June 1, 2020, the reporting person was granted an option to purchase 480,000 shares of common stock. The option vests in three equal annual installments based on certain performance criteria for each of the fiscal years ending December 31, 2020, 2021, and 2022. The performance criteria for 2021 have been met, resulting in vesting of the option as to 160,000 shares.
The option becomes exercisable, if at all, based on price per share as follows: 50,000 shares vest at a share target price of $2.00; 100,000 shares vest at a share target price of $3.00; 150,000 shares vest at a share target price of $4.00; 200,000 shares vest at a share target price of $5.00; 250,000 shares vest at a share target price of $6.00; and 250,000 shares vest at the "Guaranteed Price." The "Guaranteed Price" has the meaning as defined in the Agreement and Plan of Merger by and among Reflect Systems, Inc., Creative Realities, Inc., CRI Acquisition Corporation and RSI Exit Corporation dated as of November 12, 2021 (the "Merger Agreement") (as filed with the SEC on Form 8-K dated November 12, 2021) and means (a) $6.40 per share, or (b) $7.20 per share if and only if certain customers set forth in the Merger Agreement collectively achieve over 85,000 billable devices online at any time on or before December 31, 2022.
Exhibit 24.1 Power of Attorney filed with Form 4 dated 9/18/2019 and incorporated herein by reference.
/s/ Will Logan, Attorney-in-Fact
2022-06-17