0001209191-24-003842.txt : 20240222 0001209191-24-003842.hdr.sgml : 20240222 20240222174644 ACCESSION NUMBER: 0001209191-24-003842 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20240220 FILED AS OF DATE: 20240222 DATE AS OF CHANGE: 20240222 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Lazzouni Mohamed CENTRAL INDEX KEY: 0001320180 ORGANIZATION NAME: FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-21129 FILM NUMBER: 24666402 MAIL ADDRESS: STREET 1: C/O VIISAGE TECHNOLOGY, INC. STREET 2: 296 CONCORD ROAD CITY: BILLIERCA STATE: MA ZIP: 01821 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: AWARE INC /MA/ CENTRAL INDEX KEY: 0001015739 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372] ORGANIZATION NAME: 06 Technology IRS NUMBER: 042911026 STATE OF INCORPORATION: MA FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 76 BLANCHARD ROAD CITY: BURLINGTON STATE: MA ZIP: 01803 BUSINESS PHONE: 781.382.5160 MAIL ADDRESS: STREET 1: 76 BLANCHARD ROAD CITY: BURLINGTON STATE: MA ZIP: 01803 4 1 doc4.xml FORM 4 SUBMISSION X0508 4 2024-02-20 0 0001015739 AWARE INC /MA/ AWRE 0001320180 Lazzouni Mohamed C/O AWARE, INC. 76 BLANCHARD ROAD BURLINGTON MA 01803 0 1 0 0 Chief Technical Officer 0 Stock Option (Right to Buy) 4.73 2024-02-20 4 D 0 300000 D 2031-02-23 Common Stock 300000 0 D Stock Option (Right to Buy) 4.50 2024-02-20 4 D 0 18750 D 2029-11-19 Common Stock 18750 0 D Stock Option (Right to Buy) 5.50 2024-02-20 4 D 0 18750 D 2029-11-19 Common Stock 18750 0 D Stock Option (Right to Buy) 6.50 2024-02-20 4 D 0 18750 D 2029-11-19 Common Stock 18750 0 D Stock Option (Right to Buy) 7.50 2024-02-20 4 D 0 18750 D 2029-11-19 Common Stock 18750 0 D Stock Option (Right to Buy) 2.21 2024-02-20 4 A 0 157873 A 2029-11-19 Common Stock 157873 157873 D Fifty percent of the option vested on February 24, 2023, with the remainder vesting in 24 equal monthly installments starting on March 24, 2023. See Remarks 100% of the shares subject to the option were fully vested and exercisable Fifty percent of the option will vest on February 20, 2025, with the remainder vesting in 12 equal monthly installments starting on March 20, 2025. On February 20, 2024, the issuer canceled, pursuant to the issuer's option exchange program, options to purchase (i) 300,000 shares of Aware, Inc. common stock ("Shares") at an exercise price of $4.73 per Share (the "4.73 Option"), (ii) 18,750 Shares at an exercise price of $4.50 per Share (the "4.50 Option"), (iii) 18,750 Shares at an exercise price of $5.50 per Share (the "5.50 Option"), (iv) 18,750 Shares at an exercise price of $6.50 per Share (the "6.50 Option") and (v) 18,750 Shares at an exercise price of $7.50 per Share (the "7.50 Option"). In exchange, the reporting person received a replacement option to purchase 132,000 Shares in exchange for the 4.73 Option, 8,812 Shares in exchange for the $4.50 Option, 6,937 Shares in exchange for the $5.50 Option, 5,437 Shares in exchange for the $6.50 Option, and 4,687 Shares in exchange for the $7.50 Option, representing an aggregate of 157,873 Shares, having an exercise price of $2.21 per Share. /s/ Mohamed Lazzouni 2024-02-22