0001144204-15-005970.txt : 20150204
0001144204-15-005970.hdr.sgml : 20150204
20150204164519
ACCESSION NUMBER: 0001144204-15-005970
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20150203
FILED AS OF DATE: 20150204
DATE AS OF CHANGE: 20150204
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: WPCS INTERNATIONAL INC
CENTRAL INDEX KEY: 0001086745
STANDARD INDUSTRIAL CLASSIFICATION: COMMUNICATION SERVICES, NEC [4899]
IRS NUMBER: 980204758
STATE OF INCORPORATION: DE
FISCAL YEAR END: 0430
BUSINESS ADDRESS:
STREET 1: ONE EAST UWCHLAN AVENUE
STREET 2: SUITE 301
CITY: EXTON
STATE: PA
ZIP: 19341
BUSINESS PHONE: 6109030400
MAIL ADDRESS:
STREET 1: ONE EAST UWCHLAN AVENUE
STREET 2: SUITE 301
CITY: EXTON
STATE: PA
ZIP: 19341
FORMER COMPANY:
FORMER CONFORMED NAME: PHOENIX STAR VENTURES INC
DATE OF NAME CHANGE: 20010424
FORMER COMPANY:
FORMER CONFORMED NAME: WOWTOWN COM INC
DATE OF NAME CHANGE: 20000315
FORMER COMPANY:
FORMER CONFORMED NAME: PARAMOUNT SERVICES CORP
DATE OF NAME CHANGE: 19990519
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: GIORDANO SEBASTIAN
CENTRAL INDEX KEY: 0001571479
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-34643
FILM NUMBER: 15576068
MAIL ADDRESS:
STREET 1: ONE EAST UWCHLAN AVENUE
STREET 2: SUITE 301
CITY: EXTON
STATE: PA
ZIP: 19341
4
1
v400386_4.xml
FORM 4
X0306
4
2015-02-03
0
0001086745
WPCS INTERNATIONAL INC
WPCS
0001571479
GIORDANO SEBASTIAN
C/O WPCS INTERNATIONAL INCORPORATED
521 RAILROAD AVENUE
SUISUN CITY
CA
94585
1
1
0
0
Interim CEO
Stock Option (right to purchase)
0.22
2015-02-03
4
A
0
300000
0.00
A
2025-02-03
Common Stock
300000
552857
D
The options have been granted pursuant to the Issuer's 2014 Equity Incentive Plan (the "Plan"). 150,000 options shall vest and become exercisable immediately if the Issuer consummates an acquisition by July 31, 2016 that is expected, in the sole discretion of the administrator of the Plan (the "Administrator"), to result in the Issuer earning annual revenues of $30 million or greater following such acquisition. The remaining 150,000 options shall vest and become exercisable immediately if the fair market value of the Issuer's common stock is equal to or greater than $1.00 per share (subject to adjustment in the sole discretion of the Administrator in the event of any corporate transaction described in Section 7.1 of the Plan) for at least 20 out of 30 consecutive trading days at any time prior to July 31, 2016.
The options will expire on July 31, 2016 if they have not vested in accordance with the criteria set forth in footnote number 1 prior to such date.
/s/ Sebastian Giordano
2015-02-04