0001615774-17-001708.txt : 20170414
0001615774-17-001708.hdr.sgml : 20170414
20170414173156
ACCESSION NUMBER: 0001615774-17-001708
CONFORMED SUBMISSION TYPE: 5
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20161231
FILED AS OF DATE: 20170414
DATE AS OF CHANGE: 20170414
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: VERTICAL COMPUTER SYSTEMS INC
CENTRAL INDEX KEY: 0001099509
STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372]
IRS NUMBER: 880441551
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 101 WEST RENNER ROAD,
STREET 2: SUITE 300,
CITY: RICHARDSON,
STATE: TX
ZIP: 75082
BUSINESS PHONE: (972) 437-5200
MAIL ADDRESS:
STREET 1: 101 WEST RENNER ROAD,
STREET 2: SUITE 300,
CITY: RICHARDSON,
STATE: TX
ZIP: 75082
FORMER COMPANY:
FORMER CONFORMED NAME: SCIENTIFIC FUEL TECHNOLOGY INC
DATE OF NAME CHANGE: 19991122
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: WADE RICHARD S
CENTRAL INDEX KEY: 0001117823
FILING VALUES:
FORM TYPE: 5
SEC ACT: 1934 Act
SEC FILE NUMBER: 000-28685
FILM NUMBER: 17763321
MAIL ADDRESS:
STREET 1: 6336 WILSHIRE BLVD
CITY: LOS ANGELES
STATE: CA
ZIP: 90048
5
1
s105892_form5.xml
OWNERSHIP DOCUMENT - RICHARD S. WADE
X0306
5
2016-12-31
0
0
1
0001099509
VERTICAL COMPUTER SYSTEMS INC
VCSY
0001117823
WADE RICHARD S
101 WEST RENNER ROAD
SUITE 300
RICHARDSON
TX
75082
1
1
0
0
President/CEO
Common Stock
2016-05-27
4
G
0
L
400000
0
D
79450190
D
Common Stock
2016-10-01
4
A
0
L
1500000
112500
A
79450190
D
Mr. Wade, the President and CEO of the Company, directly owns 4,517,647 shares of the common stock of Vertical Computer Systems, Inc. (the "Company") and beneficially owns 74,932,543 shares of the Company's common stock through Mountain Reservoir Corporation ("MRC") for a total of 79,450,190 shares of the Company's common stock at the filing date of this Report. On May 27, 2016, Mr. Wade transferred 400,000 VCSY common shares as a gift to third parties. On June 1, 2016, the Company granted Richard Wade a total of 5,000,000 shares of the Company's common stock with the Rule 144 restrictive legend pursuant to a restricted stock agreement between Mr. Wade and the Company. Pursuant to the terms of the restricted agreement, 1,500,000 shares vested at 4 months (on October 1, 2016), 1,500,000 and 2,000,000 shares vest shares will vest at 16 and 28 months, respectively, from the date of the restricted stock agreement. MRC is controlled by the W5 Family Trust. Richard Wade, the President and CEO of the Company, is the trustee of the W5 Family Trust.
/s/ Richard S. Wade
2017-04-14