0001654954-18-003618.txt : 20180404 0001654954-18-003618.hdr.sgml : 20180404 20180404113152 ACCESSION NUMBER: 0001654954-18-003618 CONFORMED SUBMISSION TYPE: 5 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20171231 FILED AS OF DATE: 20180404 DATE AS OF CHANGE: 20180404 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Jackson Christopher S. CENTRAL INDEX KEY: 0001565451 FILING VALUES: FORM TYPE: 5 SEC ACT: 1934 Act SEC FILE NUMBER: 333-170132 FILM NUMBER: 18736261 MAIL ADDRESS: STREET 1: 1915 PLAZA DR. STREET 2: SUITE #202 CITY: EAGAN STATE: MN ZIP: 55122 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 section16.xml PRIMARY DOCUMENT X0306 5 2017-12-31 0 0 0001437517 ADVANCED CREDIT TECHNOLOGIES INC ACRT 0001565451 Jackson Christopher S. 871 VENETIA BAY BLVD. SUITE #202 VENICE FL 34285 true true President Secretary Treasurer Annual Stock Award 2017-07-28 5 A false 100000 0 A Common Stock 100000 5600000 D Incentive Stock Option Award 2017-07-28 5 A false 500000 0 A Common Stock 500000 6100000 D Incentive Stock Option Award 2017-07-28 5 A false 500000 0 A Common Stock 500000 6600000 D Incentive Stock Option Award 2017-07-28 5 A false 500000 0 A Common Stock 500000 7100000 D Incentive Stock Option Award 2017-07-28 5 A false 500000 0 A Common Stock 500000 7600000 D Incentive Stock Option Award 2017-07-28 5 A false 500000 0 A Common Stock 500000 8100000 D Incentive Stock Option Award 2017-07-28 5 A false 500000 0 A Common Stock 500000 8600000 D Incentive Stock Option Award 2017-07-28 5 A false 500000 0 A Common Stock 500000 9100000 D Incentive Stock Option Award 2017-07-28 5 A false 500000 0 A Common Stock 500000 9600000 D Incentive Stock Option Award 2017-07-28 5 A false 500000 0 A Common Stock 500000 10100000 D 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 continuous service to the Company as defined by the Employment Agreement. Each Incentive Stock Option Award is earned upon the Company 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. 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. /s/ Christopher S. Jackson 2018-04-04