NextPlat Corp — Director's Dealing 2019

Jan 22, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Orbital Tracking Corp. (TRKK)
CIK: 0001058307
Period of Report: 2019-01-18

Reporting Person: Phipps James (6.88% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-01-18	Common Stock, par value $0.0001	M	137500	$0.15	Acquired	142300	Direct
2019-01-18	Common Stock, par value $0.0001	F	58929	$0.35	Disposed	83371	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-01-18	Non-Qualified Stock Option (right to buy)	$0.15	M	137500	Disposed	2023-12-17	Common Stock, par value $0.0001 (137500)	Direct

Footnotes

F1: Represents common stock held of 4,800 and exercise of 137,500 options to common shares.

F2: Represents a "net exercise" of outstanding stock options. The reporting person received 78,571 shares of common stock on net exercise of option to purchase 137,500 shares of common stock. The Company withheld 58,929 shares of common stock underlying the option for payment of the exercise price, using the closing stock price on January 17, 2019 of $0.35, pursuant to the terms of the 2018 Incentive Plan.

F3: The subject options are fully vested as of grant date.