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