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