Statement of Changes in Beneficial Ownership (4)
May 28 2020 - 6:05PM
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
*
Snyder Norman E. Jr. |
2. Issuer Name and Ticker or Trading Symbol
REED'S, INC.
[
REED
]
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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)
201 MERRITT 7 CORPORATE PARK |
3. Date of Earliest Transaction
(MM/DD/YYYY)
5/20/2020 |
(Street)
NORWALK,, CT 06851
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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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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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 |
stock option | $0.70 | 5/20/2020 | 5/27/2020 | A | | 250000 | | (1) | 5/20/2030 | common stock | 250000 | (2) | 250000 | D | |
Explanation of Responses: |
(1) | On-half of the stock option award is time based, vesting in equal increments on the first, second, third and fourth anniversaries of the date of grant. The remainder vests as follows: options to purchase up to 26,712 shares on March 28, 2021, options to purchase up to 35,788 shares on March 28, 2022, and options to purchase up to 31,250 shares on each of March 28, 2023 and March 28, 2024, contingent upon the executive's achievement of performance goals set by the board, in its sole discretion. The exercise per share is $0.70. The award is subject to the terms and conditions of the Reed's Inc. 2017 Second Amended and Restated Incentive Compensation Plan, the award agreement and applicable laws. |
(2) | Stock option award |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
Snyder Norman E. Jr. 201 MERRITT 7 CORPORATE PARK NORWALK,, CT 06851 | X |
| Chief Executive Officer |
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Signatures
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/s/ Norman E. Snyder Jr. | | 5/28/2020 |
**Signature of Reporting Person | Date |
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