Statement of Changes in Beneficial Ownership (4)
November 02 2020 - 6:34PM
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
*
Hauser Bradley |
2. Issuer Name and Ticker or Trading Symbol
Soliton, Inc.
[
SOLY
]
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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) CEO and President |
(Last)
(First)
(Middle)
C/O SOLITON, INC. 5304 ASHBROOK DRIVE |
3. Date of Earliest Transaction
(MM/DD/YYYY)
10/30/2020 |
(Street)
HOUSTON, TX 77081
(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 (right to buy) | $7.16 | 10/30/2020 | | A | | 350000 | | (1) | 10/30/2030 | Common Stock | 350000.0 | (2) | 410000 | D | |
Restricted Stock Units | (3) | 10/30/2020 | | A | | 200000 | | (4) | (4) | Common Stock | 200000.0 | (2) | 610000 | D | |
Explanation of Responses: |
(1) | The stock options set forth in this table vest in four equal installments beginning on the anniversary of the issuance date, or October 30, 2020, subject to the grantee's continued employment with the Company on each vesting date. |
(2) | Issued in connection with the reporting person's employment with the Company. |
(3) | Each restricted stock unit represents a contingent right to receive one share of Company common stock. |
(4) | The restricted stock unit set forth in this table vests in four equal installments beginning on the anniversary of the issuance date, or October 30, 2020, subject to the grantee's continued service with the Company on each vesting date. |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
Hauser Bradley C/O SOLITON, INC. 5304 ASHBROOK DRIVE HOUSTON, TX 77081 | X |
| CEO and President |
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Signatures
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/s/ Bradley Hauser | | 11/2/2020 |
**Signature of Reporting Person | Date |
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