Amended Statement of Changes in Beneficial Ownership (4/a)
January 22 2020 - 5:31PM
Edgar (US Regulatory)
FORM 4
[ ]
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
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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VAN SANTE YVES ROGER |
2. Issuer Name and Ticker or Trading Symbol
PARETEUM Corp
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TEUM
]
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner _____ Officer (give title below) _____ Other (specify below)
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(Last)
(First)
(Middle)
C/O PARETEUM CORP., 1185 AVENUE OF THE AMERICAS |
3. Date of Earliest Transaction
(MM/DD/YYYY)
1/2/2019 |
(Street)
NEW YORK, NY 10036
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
5/17/2019 |
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 | 1/2/2019 | | A | | 133052 (1) | A | $0.00 (2) | 458223 (3) | 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 |
Option | $0.43 | 1/3/2020 | | A | | 150000 | | 1/3/2020 (4) | 1/3/2025 | Common Stock | 150000 | $0 (5) | 150000 | D | |
Explanation of Responses: |
(1) | Represents compensation for board fees in lieu of cash with 118,284 shares issued for services rendered from the Issuer's second 2016 fiscal quarter through the Issuer's third 2017 fiscal quarter and 14,768 shares issued for services rendered from the Issuer's fourth quarter 2017 (the "Board Fees"). |
(2) | The Board Fees represents compensation for the Reporting Person's service as a director of the Issuer. |
(3) | The Board Fees represents compensation for the Reporting Person's service as a director of the Issuer. 3. Includes a restricted stock award (the "Restricted Stock Award") of 200,000 shares of common stock under the Pareteum Corporation. 2017 Long-Term Incentive Compensation Plan, of which one-third vested on October 1, 2018 and two-thirds shall vest in 24 equal monthly installments over a two year period thereafter. |
(4) | Option is granted pursuant to the Pareteum Corporation 2019 Long-Term Incentive Compensation Plan (the "January Option"), which January Option shall be fully vested on the date of grant (the "January Option Grant"). The January Option replaces in its entirety that certain option to purchase 150,000 shares of the Issuer's common stock (the "Original Option"), which Original Option was canceled simultaneously with the January Option Grant. |
(5) | The January Option Grant represents a one-time award of securities as compensation for the Reporting Person's service as a director of the Issuer. |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
VAN SANTE YVES ROGER C/O PARETEUM CORP. 1185 AVENUE OF THE AMERICAS NEW YORK, NY 10036 | X |
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Signatures
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/s/ Yves Roger Van Sante | | 1/22/2020 |
**Signature of Reporting Person | Date |
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