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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549STATEMENT OF CHANGES IN 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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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
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 control number. | SEC 1474 (9-02) |
1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and Amount of Underlying Securities (Instr. 3 and 4) |
8. Price of Derivative Security (Instr. 5) |
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Employee Stock Option | $ 0.2175 | 02/05/2015 | D(1) | 8,000,000 | (1) | 09/19/2022 | Common Stock | 8,000,000 | (1) | 0 | D | ||||
Employee Stock Option | $ 0.103 | 02/05/2015 | A(1) | 8,000,000 | (1) | 09/19/2022 | Common Stock | 8,000,000 | (1) | 8,000,000 | D | ||||
Employee Stock Option | $ 0.2175 | 02/05/2015 | D(1) | 8,000,000 | (1) | 09/19/2022 | Common Stock | 8,000,000 | (1) | 0 | D | ||||
Employee Stock Option | $ 0.103 | 02/05/2015 | A(1) | 8,000,000 | (1) | 09/19/2022 | Common Stock | 8,000,000 | (1) | 8,000,000 | D | ||||
Employee Stock Option | $ 0.20 | 02/05/2015 | D(1) | 1,000,000 | (1) | 11/08/2023 | Common Stock | 1,000,000 | (1) | 0 | D | ||||
Employee Stock Option | $ 0.103 | 02/05/2015 | A(1) | 1,000,000 | (1) | 11/08/2023 | Common Stock | 1,000,000 | (1) | 1,000,000 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
BERMAN ROBERT ANDREW C/O ITUS CORPORATION 12100 WILSHIRE BOULEVARD, SUITE 1275 LOS ANGELES, CA 90025 |
X | President and CEO |
/s/ Robert A. Berman | 02/05/2015 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 4(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). |
(1) | Each of the transactions reported in this Form 4 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. |