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