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