0001010549-18-000067.txt : 20180220
0001010549-18-000067.hdr.sgml : 20180220
20180220094457
ACCESSION NUMBER: 0001010549-18-000067
CONFORMED SUBMISSION TYPE: 5
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20171231
FILED AS OF DATE: 20180220
DATE AS OF CHANGE: 20180220
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Giordano Enrico
CENTRAL INDEX KEY: 0001566991
FILING VALUES:
FORM TYPE: 5
SEC ACT: 1934 Act
SEC FILE NUMBER: 333-170132
FILM NUMBER: 18623368
MAIL ADDRESS:
STREET 1: 740 S. FEDERAL HIGHWAY
STREET 2: UNIT 606
CITY: POMPANO BEACH
STATE: FL
ZIP: 33062
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: ADVANCED CREDIT TECHNOLOGIES INC
CENTRAL INDEX KEY: 0001437517
STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372]
IRS NUMBER: 262118480
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 4947 OLDHAM STREET
CITY: SARASOTA
STATE: FL
ZIP: 34238
BUSINESS PHONE: 612-961-4536
MAIL ADDRESS:
STREET 1: 4947 OLDHAM STREET
CITY: SARASOTA
STATE: FL
ZIP: 34238
5
1
giordano021318.xml
OWNERSHIP DOCUMENT
X0306
5
2017-12-31
0
0
0
0001437517
ADVANCED CREDIT TECHNOLOGIES INC
ACRT
0001566991
Giordano Enrico
740 S. FEDERAL HWY #606
PAMPANO BEACH
FL
33062
1
1
0
0
Vice President
Annual Stock Award
2017-07-28
5
A
0
100000
0.00
A
Common Stock
100000
5100000
D
Incentive Stock Option Award
2017-07-28
5
A
0
500000
0.00
A
Common Stock
500000
5600000
D
Incentive Stock Option Award
2017-07-28
5
A
0
500000
0.00
A
Common Stock
500000
6100000
D
Incentive Stock Option Award
2017-07-28
5
A
0
500000
0.00
A
Common Stock
500000
6600000
D
Incentive Stock Option Award
2017-07-28
5
A
0
500000
0.00
A
Common Stock
500000
7100000
D
Incentive Stock Option Award
2017-07-28
5
A
0
500000
0.00
A
Common Stock
500000
7600000
D
Incentive Stock Option Award
2017-07-28
5
A
0
500000
0.00
A
Common Stock
500000
8100000
D
Incentive Stock Option Award
2017-07-28
5
A
0
500000
0.00
A
Common Stock
500000
8600000
D
Incentive Stock Option Award
2017-07-28
5
A
0
500000
0.00
A
Common Stock
500000
9100000
D
Incentive Stock Option Award
2017-07-28
5
A
0
500000
0.00
A
Common Stock
500000
9600000
D
Strike Price for each Incentive Stock Option Award shall be set at 110% of the average of the closing bid price for the ten days preceding the Company's achievement of each milestone.
Annual Stock Awards are awarded annually starting on 7/28/2018 and will continue to be received annually so long as the Executive is in continous service to the Company as defined by the Employment Agreement.
Each Incentive Stock Option Award is earned upon the Company's achieving increments of $1,000,000 in Gross Revenue (the "milestone") up until the Company achieves $10,000,000 in cumulative Gross Revenue.
Each Incentive Stock Option award expires 5 years from the date each milestone is achieved.
The annual stock award is a stock grant based on continuous years of service to the Company and therefore does not have an exercise price.
/s/ Enrico Giordano
2018-02-16