0001493152-20-017077.txt : 20200901 0001493152-20-017077.hdr.sgml : 20200901 20200901123948 ACCESSION NUMBER: 0001493152-20-017077 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20200821 FILED AS OF DATE: 20200901 DATE AS OF CHANGE: 20200901 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Phipps David CENTRAL INDEX KEY: 0001635266 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-25097 FILM NUMBER: 201153863 MAIL ADDRESS: STREET 1: UNIT G5 ARENA BUSINESS CENTRE STREET 2: HOLYROOD CLOSE CITY: POOLE STATE: X0 ZIP: BH177FJ ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: ORBSAT CORP CENTRAL INDEX KEY: 0001058307 STANDARD INDUSTRIAL CLASSIFICATION: TELEPHONE COMMUNICATIONS (NO RADIO TELEPHONE) [4813] IRS NUMBER: 650783722 STATE OF INCORPORATION: NV FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 18851 NE 29THAVENUE STREET 2: SUITE 700 CITY: AVENTURA STATE: FL ZIP: 33180 BUSINESS PHONE: 1-305-560-5355 MAIL ADDRESS: STREET 1: 18851 NE 29THAVENUE STREET 2: SUITE 700 CITY: AVENTURA STATE: FL ZIP: 33180 FORMER COMPANY: FORMER CONFORMED NAME: Orbital Tracking Corp. DATE OF NAME CHANGE: 20150128 FORMER COMPANY: FORMER CONFORMED NAME: Great West Resources, Inc. DATE OF NAME CHANGE: 20140514 FORMER COMPANY: FORMER CONFORMED NAME: SILVER HORN MINING LTD. DATE OF NAME CHANGE: 20110429 4 1 ownership.xml X0306 4 2020-08-21 0 0001058307 ORBSAT CORP OTC: OSAT 0001635266 Phipps David 18851 N.E. 29TH AVE., SUITE 700 AVENTURA FL 33180 1 1 1 0 Chief Executive Officer Common Stock, par value $0.0001 2020-08-21 4 M 0 400000 0.20 A 439952 D Non-Qualified Stock Option (right to buy) 0.20 2020-08-21 4 A 0 400000 A 2030-08-20 Common Stock par value $0.0001 400000 408333 D Non-Qualified Stock Option (right to buy) 0.20 2020-08-21 4 M 0 400000 D 2030-08-20 Common Stock 400000 8333 D Represents the Reporting Person's common stock held of 39,952 and exercise of 400,000 non-qualified options as reported in Table II of this Form. Following such exercise in full, the Reporting Person received 320,000 shares of common stock of the Company, with 80,000 shares of common stock withheld by the Company to cover the payment of the exercise price. The grant of these non-qualified options was approved by the Registrant's Board of Directors on August 21, 2020 and granted pursuant to the 2020 Equity Incentive Plan (the "Plan"), subject to shareholder approval of the Plan. The options vested immediately and were exercised in full upon grant, as reporting Table I of this Form. /s/ David Phipps 2020-09-01