0001209191-24-003843.txt : 20240222
0001209191-24-003843.hdr.sgml : 20240222
20240222174725
ACCESSION NUMBER: 0001209191-24-003843
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: Eckel Robert A
CENTRAL INDEX KEY: 0001324812
ORGANIZATION NAME:
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 000-21129
FILM NUMBER: 24666408
MAIL ADDRESS:
STREET 1: C/O AWARE, INC.
STREET 2: 40 MIDDLESEX TURNPIKE
CITY: BEDFORD
STATE: MA
ZIP: 01730
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
0001324812
Eckel Robert A
C/O AWARE, INC.
76 BLANCHARD ROAD
BURLINGTON
MA
01803
1
1
0
0
CEO & President
0
Stock Option (Right to Buy)
4.73
2024-02-20
4
D
0
1250000
D
2031-02-23
Common Stock
1250000
0
D
Stock Option (Right to Buy)
4.50
2024-02-20
4
D
0
50000
D
2029-09-19
Common Stock
50000
0
D
Stock Option (Right to Buy)
5.50
2024-02-20
4
D
0
50000
D
2029-09-19
Common Stock
50000
0
D
Stock Option (Right to Buy)
6.50
2024-02-20
4
D
0
50000
D
2029-09-19
Common Stock
50000
0
D
Stock Option (Right to Buy)
7.50
2024-02-20
4
D
0
50000
D
2029-09-19
Common Stock
50000
0
D
Stock Option (Right to Buy)
2.21
2024-02-20
4
A
0
619000
A
2034-02-20
Common Stock
619000
619000
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) 1,250,000 shares of Aware, Inc. common stock ("Shares") at an exercise price of $4.73 per Share (the "4.73 Option"), (ii) 50,000 Shares at an exercise price of $4.50 per Share (the "4.50 Option"), (iii) 50,000 (3) On February 20, 2024, the issuer canceled, pursuant to the issuer's option exchange program, options to purchase (i) 1,250,000 shares of Aware, Inc. common stock ("Shares") at an exercise price of $4.73 per Share (the "4.73 Option"), (ii) 50,000 Shares at an exercise price of $4.50 per Share (the "4.50 Option"), (iii) 50,000 Shares at an exercise price of $5.50 per Share (the "5.50 Option"), (iv) 50,000 Shares at an exercise price of $6.50 per Share (the "6.50 Option") and (v) 50,000 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 550,000 Shares in exchange for the 4.73 Option, 23,500 Shares in exchange for the $4.50 Option, 18,500 Shares in exchange for the $5.50 Option, 14,500 Shares in exchange for the $6.50 Option, and 12,500 Shares in exchange for the $7.50 Option, representing an aggregate of 619,000 Shares, having an exercise price of $2.21 per Share.
/s/ Robert A. Eckel
2024-02-22