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 David (CEO and Chairman)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-01-18	Common Stock, par value $0.0001	M	325000	$0.17	Acquired	414443	Direct
2019-01-18	Common Stock, par value $0.0001	F	157857	$0.35	Disposed	256586	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-01-18	Non-Qualified Stock Option (right to buy)	$0.17	M	325000	Disposed	2013-12-17	Common Stock, $0.001 par value (325000)	Direct

Footnotes

F1: Represents common stock held of 89,443 and exercise of 325,000 options to common shares.

F2: Represents a "net exercise" of outstanding stock options. The reporting person received 167,323 shares of common stock on net exercise of option to purchase 325,000 shares of common stock. The Company withheld 157,857 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.