0001179110-13-012287.txt : 20130730
0001179110-13-012287.hdr.sgml : 20130730
20130730214331
ACCESSION NUMBER: 0001179110-13-012287
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20130726
FILED AS OF DATE: 20130730
DATE AS OF CHANGE: 20130730
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: CVSL INC.
CENTRAL INDEX KEY: 0001403085
STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-NONSTORE RETAILERS [5960]
IRS NUMBER: 980534701
STATE OF INCORPORATION: FL
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 2400 DALLAS PARKWAY
STREET 2: SUITE 230
CITY: PLANO
STATE: TX
ZIP: 75093
BUSINESS PHONE: 972-398-7120
MAIL ADDRESS:
STREET 1: 2400 DALLAS PARKWAY
STREET 2: SUITE 230
CITY: PLANO
STATE: TX
ZIP: 75093
FORMER COMPANY:
FORMER CONFORMED NAME: Computer Vision Systems Laboratories Corp.
DATE OF NAME CHANGE: 20110714
FORMER COMPANY:
FORMER CONFORMED NAME: CARDIO VASCULAR MEDICAL DEVICE CORP
DATE OF NAME CHANGE: 20070613
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: RASMUSSEN JULIE LYNN
CENTRAL INDEX KEY: 0001570106
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 000-52818
FILM NUMBER: 13997317
MAIL ADDRESS:
STREET 1: 2400 DALLAS PARKWAY
STREET 2: SUITE 230
CITY: PLANO
STATE: TX
ZIP: 75093
4
1
edgar.xml
FORM 4 -
X0306
4
2013-07-26
0
0001403085
CVSL INC.
CVSL
0001570106
RASMUSSEN JULIE LYNN
2400 NORTH DALLAS PARKWAY, SUITE 230
PLANO
TX
75093
1
0
0
0
Common Stock Equivalent Unit
2013-07-26
4
J
0
250000
0
A
Common Stock
250000
250000
D
Each common stock equivalent unit ("Unit") is the economic equivalent of one share of common stock of CVSL Inc. (the "Issuer").
The reporting person received an award of 83,334 Units on July 26, 2013 (the "Initial Grant"). In addition, the award will grant the reporting person 83,333 Units on each of December 3, 2013 (the "Second Grant") and December 3, 2014 (the "Third Grant"), subject to the reporting person remaining in continuous service with the Issuer until each such date.
Upon vesting of the Initial Grant, the Second Grant, and the Third Grant (which will occur on December 3, 2014, December 3, 2015, and December 3, 2016, respectively, subject to the reporting person having uninterrupted continuous service with the Issuer through such date), the Units subject to such grant become payable in cash in three annual payments (each a "Cash Out Payment") based on the increase in value of the Units subject to the grant.
The value of a Unit at vesting is equal to the amount of appreciation of the Unit (based on the grant date price of such Unit) relative to the value of the Issuer's common stock on the vesting date (such value to be the average closing price of the Issuer's common stock during the 10-trading-day period immediately preceding the vesting date). The per Unit grant price for the Units subject to the Initial Grant is $.20. The per Unit grant price for the Units subject to the Second Grant and the Third Grant will be based on the average closing price of the Issuer's common stock during the 10-trading-day period immediately preceding the grant date. The award will expire upon the earlier of termination of the reporting person's continuous service with the Issuer or the date of last Cash Out Payment.
/s/ Julie Rasmussen
2013-07-30