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Hyperscale Data, Inc. — Director's Dealing 2017
Feb 2, 2017
34769_dirs_2017-02-02_905838dc-d17e-4653-b972-a2ab955eb2bd.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: DIGITAL POWER CORP (DPW)
CIK: 0000896493
Period of Report: 2016-11-30
Reporting Person: KOHN AMOS (Director, President and CEO)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2016-11-22 | Options | $0.65 | A | 1000000 | Acquired | 2026-11-03 | Common Stock (1000000) | Direct |
| 2016-11-22 | Options | $0 | D | 385000 | Disposed | 2017-01-28 | Common Stock (385000) | Direct |
Footnotes
F1: Pursuant to an employment agreement entered into on November 30, 2016 and reported on Form 8-K, effective November 3, 2106. Mr. Kohn was granted options to purchase 1,000,000 shares of common stock. The options have the following vesting schedule: 500,000 shares of Common Stock shall vested on September 22, 2016; (2) options to purchase 250,000 shares of Common Stock vest ratably over six months beginning October 2016; and (3) options to purchase 250,000 shares of common stock shall vest ratably over twelve months beginning October 2016.
F2: In consideration of the option grant above, 535,000 options previously granted were forfeited.