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)
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2. Date of Event Requiring Statement
(Month/Day/Year) 07/01/2023 |
3. Issuer Name and Ticker or Trading Symbol
Quantum Computing Inc. [ QUBT ] |
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4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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5. If Amendment, Date of Original Filed
(Month/Day/Year) |
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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) |
Common Stock | 60,310(1) | D |
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 | ||||
Options | (2) | (2) | Common Stock | 91,250 | $2.56 | D | |
Options | (3) | (3) | Common Stock | 8,750 | $2.37 | D |
Explanation of Responses: |
1. The common stock beneficially owned by Mr. Boehmler includes 1,210 shares purchased on the open market and 59,100 stock grants (the "Stock Grants") issued to Mr. Boehmler in lieu of a cash bonus pursuant to the 2022 Quantum Computing Inc. Equity and Incentive Plan and according to the terms of his employment agreement. The Stock Grants shall vest as follows: 29,550 (or 1/2) of the Stock Grants shall vest on December 31, 2023, and 29,550 (or 1/2) shall vest on December 31,2024. |
2. The stock options (the "First Options Grant") were issued to Mr. Boehmler on March 28, 2022 (the "First Grant Date"), pursuant to the 2019 Quantum Computing Inc. Equity and Incentive Plan and according to the terms of the employment offer by and between Mr. Boehmler and the Issuer. The First Options Grant shall vest as follows: 30,413 (or 1/3) of the First Options Grant shall vest on the first anniversary of the First Grant Date, 30,413 (or 2/3) shall vest on the second anniversary of the First Grant Date, and the remainder of the Stock Options shall vest on the third anniversary of the First Grant Date. In lieu of fractional vesting, the number of Stock Options will be rounded up each time until fractional Stock Options are eliminated. |
3. The stock options (the "Second Options Grant") were issued to Mr. Boehmler on October 12, 2022 (the "Second Grant Date"), pursuant to the 2022 Quantum Computing Inc. Equity and Incentive Plan and according to the terms of the employment offer by and between Mr. Boehmler and the Issuer. The Second Options Grant shall vest as follows: 2,916 (or 1/3) of the Stock Options vested on March 28, 2023, 2,916 (or 2/3) shall vest on March 28, 2024, and the remainder of the Stock Options shall vest on March 28, 2025. In lieu of fractional vesting, the number of Stock Options will be rounded up each time until fractional Stock Options are eliminated. |
/s/ Christopher Boehmler | 07/07/2023 | |
** 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. |