UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549INITIAL 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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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | SEC 1473 (7-02) | ||
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. |
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 of Derivative Security: Direct (D) or Indirect (I) (Instr. 5) |
6. Nature of Indirect Beneficial Ownership (Instr. 5) |
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Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Bansal Munish C/O FTE NETWORKS, INC. 237 WEST 35TH STREET, SUITE 806 NEW YORK, NY 10001 |
CEO of US Home Rentals LLC |
/s/ Munish Bansal | 10/05/2020 | |
**Signature of Reporting Person | Date |
* | 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). |
(1) | Reporting Person received an inducement grant of unvested common stock on September 28, 2020 in connection with an employment agreement dated September 25, 2020. This inducement grant shall vest over three years with 33% vesting of the award vesting on the first anniversary of September 28, 2020 and in equal quarterly installments thereafter. |
(2) | Calculated based on 25,572,148 shares of issued and outstanding common stock, in accordance with the formula set forth in Appendix A of Reporting Person's employment agreement. This number does not currently account for all of the Company's issued and outstanding securities. The Reporting Person will amend this report once those amounts are confirmed. |