0001214659-20-003176.txt : 20200403
0001214659-20-003176.hdr.sgml : 20200403
20200403114535
ACCESSION NUMBER: 0001214659-20-003176
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20200402
FILED AS OF DATE: 20200403
DATE AS OF CHANGE: 20200403
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: 20772264
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-48511.xml
PRIMARY DOCUMENT
X0306
4
2020-04-02
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
2020-04-02
2020-04-06
4
M
false
11111
0.00
A
7123878
D
Common Stock
2020-04-02
2020-04-06
4
F
false
3203
0.96
D
7120675
D
NEW SHARE AWARDS: The Reporting Person (RP) was granted a New Share Award (SA) of 200,000 Restricted Stock Units (RSUs) on August 26, 2019, commencing October 1, 2019. This SA vests over 18 monthly installments. On April 1, 2020, the vested installment (# 7 of 18) of 11,111 shares from the New SA occurred. On April 3, 2020 an official "Transaction Confirmation" from the Issuer's Broker indicating 3,203 shares of the vested 11,111 RSUs were retained for "tax withholding, commission and fees," using a standard "Sell-to-Cover" transaction commonly utilized within the Issuer's Stock Plan Services system. DEEMED EXECUTION DATE: The reported formal Transaction Confirmation's "Settlement Date" is April 6, 2020 per Issuer's Broker.
PRIOR SHARE AWARDS & DISPUTE: As of this filing, the Reporting Person (RP) remains in dispute with the Issuer regarding delivery and access to PRIOR Share Awards (SAs) that were previously granted to him as a Director and Officer of the Company during 2016 - 2018 and which were included as consideration for the reduction of the summative cash "Separation Payment" as defined within his three year Executive Employment Agreement (EEA) and other formal public filings by the Issuer. These "Dispute Shares" include approximately an additional 1,673,750 shares of the Issuer's common stock. The RP will publicly file detailed information, actions and disclosures for shareholders and regulators with the U.S. Security & Exchange Commission in an updated Schedule 13D/A (Amendment No. 6).
11,111 of the Restricted Stock Units (RSUs) included in the 2019 NEW SA grant vested on 4/1/2020 and were distributed on 4/1/2020. 3,203 shares were retained for "tax withholding, commission and fees," using a standard "Sell-to-Cover" transaction, and 7,908 shares were delivered to the RP on 4/3/2020
/s/ Denver M. Lough
2020-04-03