0001331853-17-000006.txt : 20170322 0001331853-17-000006.hdr.sgml : 20170322 20170322100943 ACCESSION NUMBER: 0001331853-17-000006 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20170320 FILED AS OF DATE: 20170322 DATE AS OF CHANGE: 20170322 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: WALKER INNOVATION INC. CENTRAL INDEX KEY: 0001294649 STANDARD INDUSTRIAL CLASSIFICATION: PATENT OWNERS & LESSORS [6794] IRS NUMBER: 300342273 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: TWO HIGH RIDGE PARK CITY: STAMFORD STATE: CT ZIP: 06905 BUSINESS PHONE: 203-461-7200 MAIL ADDRESS: STREET 1: TWO HIGH RIDGE PARK CITY: STAMFORD STATE: CT ZIP: 06905 FORMER COMPANY: FORMER CONFORMED NAME: Patent Properties, Inc. DATE OF NAME CHANGE: 20131112 FORMER COMPANY: FORMER CONFORMED NAME: GlobalOptions Group, Inc. DATE OF NAME CHANGE: 20050831 FORMER COMPANY: FORMER CONFORMED NAME: Creative Solutions With Art, Inc. DATE OF NAME CHANGE: 20040619 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Schiller Harvey W CENTRAL INDEX KEY: 0001331853 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-33700 FILM NUMBER: 17705863 MAIL ADDRESS: STREET 1: 369 LEXINGTON AVENUE STREET 2: 24TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10017 4 1 edgar.xml PRIMARY DOCUMENT X0306 4 2017-03-20 0001294649 WALKER INNOVATION INC. WLKR 0001331853 Schiller Harvey W C/O WALKER INNOVATION INC. TWO HIGH RIDGE PARK STAMFORD CT 06905 1 0 0 0 Stock Option (Right to Buy) 3.05 2012-04-02 4 D 0 125000 D 2017-03-26 Common Stock 120000 0 D Stock Option (Right to Buy) .43 2017-03-20 4 A 0 125000 A 2017-03-26 Common Stock 125000 125000 D Stock Option (Right to Buy) 1.40 2015-05-15 4 D 0 25000 D 2025-05-15 Common Stock 25000 0 D Stock Option (Right to Buy) .43 2017-03-20 4 A 0 25000 A 2025-05-15 Common Stock 25000 25000 D The transaction reported herein reflects a repricing of options (the "Repricing") that was approved by Walker Innovation Inc. stockholders on January 17, 2017. The stock options were originally granted to the reporting person April 2, 2012. As a result of the Repricing, such options now have a lower exercise price; other than the reduced exercise price, there have been no changes in the terms of such options. However, under Section 16 of the Securities Exchange Act of 1934 and the rules thereunder, a reduction in the exercise price of any option is treated as effectively canceling the old option and granting a new option as of the effective date of the repricing, and thus is being reported accordingly in this Form 4. These options vested on September 26, 2012 and are exercisable at any time through the Expiration Date. The transaction reported herein reflects a repricing of options (the "Repricing") that was approved by Walker Innovation Inc. stockholders on January 17, 2017. The stock options were originally granted to the reporting person May 15, 2015. As a result of the Repricing, such options now have a lower exercise price; other than the reduced exercise price, there have been no changes in the terms of such options. However, under Section 16 of the Securities Exchange Act of 1934 and the rules thereunder, a reduction in the exercise price of any option is treated as effectively canceling the old option and granting a new option as of the effective date of the repricing, and thus is being reported accordingly in this Form 4. Stock option grant pursuant to Amended and Restated Long-term Incentive Plan, effective March 2, 2015 in respect of 8,333 shares exercisable from and after May 15, 2016; 8,333 shares from and after May 15, 2017; and 8,334 shares from and after May 15, 2018. /s/Harvey W. Schiller, Ph.D. 2017-03-22