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