FORM 3
        
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF 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
                      

1. Name and Address of Reporting Person *

Areglado R. Scott

2. Date of Event Requiring Statement (MM/DD/YYYY)
1/11/2019 

3. Issuer Name and Ticker or Trading Symbol

ICAD INC [icad]

(Last)        (First)        (Middle)

98 SPIT BROOK ROAD, SUITE 100, C/O ICAD, INC.

4. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                            _____ 10% Owner
___ X ___ Officer (give title below)          _____ Other (specify below)
Interim Chief FinancialOfficer /

(Street)

NASHUA, NH 03062       

(City)              (State)              (Zip)
5. If Amendment, Date Original Filed (MM/DD/YYYY)

 

6. Individual or Joint/Group Filing (Check Applicable Line)

_ X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person


Table I - Non-Derivative Securities Beneficially Owned
1.Title of Security
(Instr. 4)
2. Amount of Securities Beneficially Owned
(Instr. 4)
3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)
4. Nature of Indirect Beneficial Ownership
(Instr. 5)
Common Stock, $0.01 par value   32409   (1) D    

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 4)
2. Date Exercisable and Expiration Date
(MM/DD/YYYY)
3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)
4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)
6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Options     (2) 5/23/2024   Common Stock, $0.01 par value   3000   $6.87   D    
Stock Options     (3) 1/27/2022   Common Stock, $0.01 par value   6000   $2.85   D    
Stock Options     (4) 5/9/2021   Common Stock, $0.01 par value   15000   $6   D    
Stock Options     (5) 10/10/2022   Common Stock, $0.01 par value   8000   $2.24   D    
Stock Options     (6) 2/24/2025   Common Stock, $0.01 par value   3000   $10.46   D    
Stock Options     (7) 8/15/2026   Common Stock, $0.01 par value   7500   $5.52   D    

Explanation of Responses:
(1)  Includes (i) 1,667 shares subject to vesting on August 15, 2019, under a Restricted Stock Award granted on August 15, 2016 and (ii) 5,000 shares subject to vesting on each of September 20, 2019 and September 20, 2020 under a Restricted Stock Award granted on September 20, 2017.
(2)  Stock options granted on May 23, 2014, all of which are exercisable as of the date hereof.
(3)  Stock options granted on January 27, 2012, all of which are exercisable as of the date hereof.
(4)  Stock options granted on May 9, 2011, all of which are exercisable as of the date hereof.
(5)  Stock options granted on October 10, 2012, all of which are exercisable as of the date hereof.
(6)  Stock options granted on February 24, 2015, all of which are exercisable as of the dated hereof.
(7)  Stock options granted on August 15, 2016, 5,000 of which are exercisable as of the date hereof. Options to purchase 2,500 shares will vest on August 15, 2019.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
Areglado R. Scott
98 SPIT BROOK ROAD, SUITE 100
C/O ICAD, INC.
NASHUA, NH 03062


Interim Chief FinancialOfficer

Signatures
/s/ R. Scott Areglado 1/14/2019
** Signature of Reporting Person Date


Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
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