0001214659-20-000466.txt : 20200121 0001214659-20-000466.hdr.sgml : 20200121 20200121185925 ACCESSION NUMBER: 0001214659-20-000466 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20200116 FILED AS OF DATE: 20200121 DATE AS OF CHANGE: 20200121 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Lough Denver CENTRAL INDEX KEY: 0001691208 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-32404 FILM NUMBER: 20537298 MAIL ADDRESS: STREET 1: 4041-T HADLEY ROAD CITY: SOUTH PLAINFIELD STATE: NJ ZIP: 07080 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: POLARITYTE, INC. CENTRAL INDEX KEY: 0001076682 STANDARD INDUSTRIAL CLASSIFICATION: BIOLOGICAL PRODUCTS (NO DIAGNOSTIC SUBSTANCES) [2836] IRS NUMBER: 061529524 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 123 NORTH WRIGHT BROTHERS DRIVE CITY: SALT LAKE CITY STATE: UT ZIP: 84116 BUSINESS PHONE: (800)-560-3983 MAIL ADDRESS: STREET 1: 123 NORTH WRIGHT BROTHERS DRIVE CITY: SALT LAKE CITY STATE: UT ZIP: 84116 FORMER COMPANY: FORMER CONFORMED NAME: MAJESCO ENTERTAINMENT CO DATE OF NAME CHANGE: 20050427 FORMER COMPANY: FORMER CONFORMED NAME: MAJESCO HOLDINGS INC DATE OF NAME CHANGE: 20040416 FORMER COMPANY: FORMER CONFORMED NAME: CONNECTIVCORP DATE OF NAME CHANGE: 20010815 4 1 marketforms-47525.xml PRIMARY DOCUMENT X0306 4 2020-01-16 0001076682 POLARITYTE, INC. PTE 0001691208 Lough Denver 8 EAST BROADWAY, SUITE 320 SALT LAKE CITY UT 84111 false false true true Prior Director and Officer Common Stock (from Stock Option) 2020-01-16 2020-01-16 4 M false 10000 3.12 A 10000 I Spouse's Employee Stock from Stock Option Common Stock (from Stock Option) 2020-01-16 2020-01-16 4 S false 10000 4.17 D 0 I Spouse's Employee Stock from Stock Option Common Stock (from Stock Option) 2020-01-16 2020-01-16 4 F false 0 4.14 D 0 I Spouse's Employee Stock from Stock Option Stock Option 3.12 2020-01-16 4 M false 10000 0 D 2018-12-16 2020-02-15 Common Stock 10000 10000 I Spouse to Reporting Person On January 16, 2020 the full stock option to exercise 10,000 options at an exercise price of $3.12 was conducted by the Issuer's broker. The resultant converted 10,000 shares were then immediately sold by the Issuer's broker into the open market. The cash proceeds from the sale were used to pay the exercise cost, required tax withholding, brokerage commissions and fees. The sale price of $4.17 represents a weighted average price as multiple executions were involved in completing the exercise transaction. Additional detail regarding the individual execution prices is available upon request. See prior Form-4 filed on December 19, 2016 (as described in remarks section of this filing) REPORTING PERSON'S SPOUSE'S TRANSACTION: On December 7, 2016, Reporting Person's spouse, an employee of the Issuer, was granted a 10 year option to purchase 10,000 shares of the Issuer's common stock which option is exercisable any time on or after the date on which stockholder approval has been obtained for the Issuer's 2017 Equity Incentive Plan. According to the option grant "The option shall vest in 24 equal installments over 24 months commencing on the one-month anniversary date of the grant." The Reporting Person's spouse: (1) A person deemed to be an "affiliate" of the Company; (2) A person whom which was required to receive "pre-clearance" from the Issuer and the removal of Issuer imposed restrictions on the shares; (3) A person whom which was required to file an SEC Form 144 with the Issuer's Broker; and (4) A person whom which requires the Reporting Person to file a SEC Form-4 for the transaction to exercise and sell said security was terminated from her position on 11/15/2019 and had an Issuer-imposed 90 days to exercise the stock option. The cash proceeds from the sale are used to pay the exercise cost, required tax withholding, brokerage commissions and fees. Represents a weighted average price as multiple executions were involved in completing the exercise transaction. Additional detail regarding the individual execution prices is available upon request. REPORTING PERSON'S SPOUSE'S EMPLOYMENT AND OPTION GRANT: Please see the Form-4 filed on December 19, 2016 describing the grant for the option to purchase 10,000 shares of the Issuers stock: http://www.sec.gov/Archives/edgar/data/1076682/00014931521 REPORTING PERSON'S CURRENT BENEFICIAL OWNERSHIP: The Reporting Person continues to maintain their current beneficial ownership, as recently filed on the Reporting Person's last SEC Form-4, and has not conducted any transactions since the last Form-4 filing. /s/ Denver M. Lough 2020-01-21