4: Statement of changes in beneficial ownership of securities
Published on June 25, 2013
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
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. | SEC 1474 (9-02) |
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction 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 (Month/Day/Year) |
7. Title and Amount of Underlying Securities (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) |
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Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Options | $ 0.85 | 06/19/2013 | D | 500,000 | (1) | 03/01/2018 | Common Stock | 500,000 | (2) | 0 | D | ||||
Options | $ 0.38 | 06/19/2013 | A | 500,000 | (3) | 06/19/2018 | Common Stock | 500,000 | (4) | 500,000 | D |
Reporting Owners
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Crawford James 2331 MILL ROAD, SUITE 100 ALEXANDRIA, VA 22314 |
Chief Operating Officer |
Signatures
/s/ James Crawford | 06/25/2013 | |
**Signature of Reporting Person | Date |
Explanation of Responses:
* | If the form is filed by more than one reporting person, see Instruction 4(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). |
(1) | The options shall vest in twenty-four (24) equal instalments on each monthly anniversary of March 1, 2013, provided the reporting person is still employed by Marathon Patent Group, Inc. ("Company") on each such date. |
(2) | The options were cancelled by mutual agreement of the reporting person and the Company. The reporting person received options to purchase 500,000 shares of common stock of the Company as consideration. |
(3) | The options shall vest in twenty-four (24) equal instalments on each monthly anniversary of the date of grant. |
(4) | The options were issued in consideration for the cancellation of options to purchase 500,000 shares of common stock of the Company. |