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