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