0001513162-17-000256.txt : 20170908
0001513162-17-000256.hdr.sgml : 20170908
20170908184945
ACCESSION NUMBER: 0001513162-17-000256
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20170906
FILED AS OF DATE: 20170908
DATE AS OF CHANGE: 20170908
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Baskies Arnold M
CENTRAL INDEX KEY: 0001683567
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-37492
FILM NUMBER: 171077589
MAIL ADDRESS:
STREET 1: 1235 SEQUOIA ROAD
CITY: CHERRY HILL
STATE: NJ
ZIP: 08003
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: ITUS Corp
CENTRAL INDEX KEY: 0000715446
STANDARD INDUSTRIAL CLASSIFICATION: PATENT OWNERS & LESSORS [6794]
IRS NUMBER: 112622630
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1031
BUSINESS ADDRESS:
STREET 1: 3150 ALMADEN EXPRESSWAY, SUITE 250
CITY: SAN JOSE
STATE: CA
ZIP: 95118
BUSINESS PHONE: 310-484-5200
MAIL ADDRESS:
STREET 1: 3150 ALMADEN EXPRESSWAY, SUITE 250
CITY: SAN JOSE
STATE: CA
ZIP: 95118
FORMER COMPANY:
FORMER CONFORMED NAME: COPYTELE INC
DATE OF NAME CHANGE: 19920703
4
1
primary_doc.xml
PRIMARY DOCUMENT
X0306
4
2017-09-06
0
0000715446
ITUS Corp
ITUS
0001683567
Baskies Arnold M
C/O ITUS CORPORATION
3150 ALMADEN EXPRESSWAY, SUITE 250
SAN JOSE
CA
95118
1
0
0
0
Employee Stock Option (Right to Buy)
0.67
2017-09-06
4
A
0
20000
0
A
2027-09-06
Common Stock
20000
20000
D
Employee Stock Option
3.13
2017-09-06
4
D
0
6000
D
2026-08-23
Common Stock
6000
0
D
Employee Stock Option
0.67
2017-09-06
4
A
0
6000
A
2026-08-23
Common Stock
6000
6000
D
Employee Stock Option
5.3
2017-09-06
4
D
0
12000
D
2027-01-03
Common Stock
12000
0
D
Employee Stock Option
0.67
2017-09-06
4
A
0
12000
A
2027-01-03
Common Stock
12000
12000
D
Right-To-Buy, pursuant to the ITUS Corporation 2010 Share Incentive Plan.
The options vest and become exercisable as follows: a) 10,000 shares shall be vested and exercisable upon grant; b) 8,888 shares shall vest and become exercisable in eight (8) consecutive quarterly installments of 1,111 shares each on the last day of each fiscal quarter, beginning November 30, 2018 and continuing through August 31, 2019; and c) the remaining 1,112 shares shall vest and become exercisable on November 30, 2019.
These transactions involved an amendment of outstanding stock options for the sole purpose of lowering the exercise price, resulting in the deemed cancellation of the "old" options and the grant of replacement options. All of the other terms of the options remain the same, including without limitation, the number of shares underlying the options, the vesting periods of the options, and the expiration dates of the options.
The option was originally granted on August 23, 2016 and vested 50% on September 30, 2016 and 50% on December 31, 2016.
The option was originally granted on January 3, 2017 and vests and become exercisable in four (4) equal installments on each March 31, 2017, June 30, 2017, September 30, 2017 and December 31, 2017.
/s/ Arnold M. Baskies
2017-09-08