Amended Statement of Changes in Beneficial Ownership (4/a)
18 Février 2022 - 10:55PM
Edgar (US Regulatory)
FORM 4
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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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
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Simmons Chia-Lin |
2. Issuer Name and Ticker or Trading Symbol
Nxt-ID, Inc.
[
NXTD
]
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) Chief Executive Officer |
(Last)
(First)
(Middle)
2801 DIODE LANE |
3. Date of Earliest Transaction
(MM/DD/YYYY)
1/3/2022 |
(Street)
LOUISVILLE, KY 40299
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
1/4/2022 |
6. Individual or Joint/Group Filing
(Check Applicable Line)
_X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security (Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code (Instr. 8)
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4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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Common Stock (1)(2) | 1/3/2022 | | A | | 204145 (3) | A | $0 | 470705 (4) | D | |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Trans. Date | 3A. Deemed Execution Date, if any | 4. Trans. 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 | 7. Title and Amount of Securities Underlying Derivative Security (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) |
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
Explanation of Responses: |
(1) | This amendment is being filed to correct inadvertent typographical errors in the original Form 4. The original Form 4 mis-calculated the aggregate number of shares of common stock, par value $0.0001 per share, of the issuer ("Common Stock") beneficially owned post-reverse split as well as mis-identified the reporting person's award as a restricted stock unit with monthly vesting rather than a restricted stock award with quarterly vesting. |
(2) | Issuable upon the vesting of a restricted stock award in Common Stock ("RSA"), each of which represents the right to receive one share of Common Stock, subject to the vesting terms of such RSA. |
(3) | The RSA of 204,145 shares of Common Stock was received as compensation for the reporting person's service as an officer pursuant to the issuer's 2013 Long-Term Stock Incentive Plan. The RSA is subject to vesting over a period of 3 years commencing on January 3, 2022, with 34,045 shares of the RSA to vest on July 3, 2022, and thereafter, 17,010 shares of the RSA will vest on the first day of each subsequent quarter until the entire award has vested, so long as the reporting person remains in the service of the issuer for each such quarter. |
(4) | On October 15, 2021, the issuer effected a 1-for-10 reverse stock split of its outstanding shares of Common Stock. The number of shares of Common Stock reported on this Form 4 have been adjusted to reflect such reverse stock split as it pertained to the number of shares of Common Stock that the reporting person held prior to the grant of the RSA. |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
Simmons Chia-Lin 2801 DIODE LANE LOUISVILLE, KY 40299 | X |
| Chief Executive Officer |
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Signatures
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/s/ Chia-Lin Simmons | | 2/18/2022 |
**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 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). |
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 control number. |
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