0001600481-17-000012.txt : 20170320 0001600481-17-000012.hdr.sgml : 20170320 20170320162327 ACCESSION NUMBER: 0001600481-17-000012 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20170320 FILED AS OF DATE: 20170320 DATE AS OF CHANGE: 20170320 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: Siegel Jonathan CENTRAL INDEX KEY: 0001600481 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-33700 FILM NUMBER: 17701652 MAIL ADDRESS: STREET 1: C/O PATENT PROPERTIES, INC. STREET 2: TWO HIGH RIDGE PARK CITY: STAMFORD STATE: CT ZIP: 06905 4 1 edgar.xml PRIMARY DOCUMENT X0306 4 2017-03-20 0001294649 WALKER INNOVATION INC. WLKR 0001600481 Siegel Jonathan WALKER INNOVATION INC. TWO HIGH RIDGE PARK STAMFORD CT 06905 0 1 0 0 Chief Executive Officer Stock Option (Right to Buy) 3.60 2014-02-14 4 D 0 425000 D 2024-02-14 Common Stock 425000 0 D Stock Option (Right to Buy) .43 2017-03-20 4 A 0 425000 A 2024-02-14 Common Stock 425000 425000 D Stock Option (Right to Buy) 1.37 2015-03-20 4 D 0 75000 D 2025-03-20 Common Stock 75000 0 D Stock Option (Right to Buy) .43 2017-03-20 4 A 0 75000 A 2025-03-20 Common Stock 75000 75000 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 February 14, 2014. 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 granted pursuant to the Walker Innovation Inc. (formerly known as Patent Properties, Inc.) 2015 Long-term Incentive Plan in respect of 141,666 shares exercisable from and after February 14, 2015; 141,667 shares exercisable from and after February 14, 2016; and 141,667 shares exercisable from and after February 14, 2017. 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 March 20, 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 granted pursuant to the Walker Innovation Inc. (formerly known as Patent Properties, Inc.) 2015 Long-term Incentive Plan in respect of 25,000 shares exercisable from and after February 14, 2016; 25,000 shares exercisable from and after February 14, 2017; and 25,000 shares exercisable from and after February 14, 2018. /s/Jonathan A. Siegel 2017-03-20