0001062993-22-001045.txt : 20220114
0001062993-22-001045.hdr.sgml : 20220114
20220114071016
ACCESSION NUMBER: 0001062993-22-001045
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20211116
FILED AS OF DATE: 20220114
DATE AS OF CHANGE: 20220114
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Macdonald Sean
CENTRAL INDEX KEY: 0001553633
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 000-54693
FILM NUMBER: 22530429
MAIL ADDRESS:
STREET 1: C/O LEATT CORP., 50 KIEPERSOL CRESCENT
STREET 2: ATLAS GARDENS, CONTERMANSKLOOF
CITY: DURBANVILLE, CAPE TOWN
STATE: T3
ZIP: 7550
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: Leatt Corp
CENTRAL INDEX KEY: 0001456189
STANDARD INDUSTRIAL CLASSIFICATION: MOTORCYCLES, BICYCLES & PARTS [3751]
IRS NUMBER: 202819367
STATE OF INCORPORATION: NV
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 12 KIEPERSOL DRIVE, ATLAS GARDENS
STREET 2: CONTERMANSKLOOF ROAD
CITY: DURBANVILLE, WESTERN CAPE
STATE: T3
ZIP: 7550
BUSINESS PHONE: (27)21-556-5409
MAIL ADDRESS:
STREET 1: 12 KIEPERSOL CRES, ATLAS GARDENS
STREET 2: CONTERMANSKLOOF ROAD
CITY: DURBANVILLE, WESTERN CAPE
STATE: T3
ZIP: 7550
4
1
form4.xml
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
X0306
4
2021-11-16
0001456189
Leatt Corp
LEAT
0001553633
Macdonald Sean
12 KIEPERSOL DRIVE, ATLAS GARDENS
CONTERMANSKLOOF ROAD
DURBANVILLE, WESTERN CAPE
T3
7441
SOUTH AFRICA
1
1
0
0
CEO and CFO
Common Stock, par value $0.001 per share
2021-11-16
4
F
0
71854
33.00
A
132755
D
Common Stock, par value $0.001 per share
2021-11-16
4
F
0
53284
33.00
A
186039
D
Common Stock, par value $0.001 per share
2021-12-22
4
A
0
12500
30.06
A
198539
D
On August 24, 2017, the Issuer's Board of Directors approved a grant to the Reporting Person, of a ten-year option to purchase 78,000 shares of the Issuer's common stock at $1.60 per share under the 2011 Amended and Restated Equity Incentive Plan ("2011 Plan"), which vested in full on March 29, 2019. On November 16, 2021, the Reporting Person exercised his option to purchase 56,000 of these shares at an aggregate exercise price of $89,600. The purchase price was paid through a cashless transaction whereby the Issuer withheld 2,716 of the shares at the fair market value of $33 per share, in lieu of cash payment and the Reporting person received the remaining 53,284 shares.
On March 29, 2016, the Issuer's Board of Directors approved a grant to the Reporting Person, of a ten-year option to purchase 78,000 shares of the Issuer's common stock at $2.60 per share under the Issuer's 2011 Plan, which vested in full on December 31, 2019. On November 16, 2021, the Reporting Person exercised his option to purchase all 78,000 shares at an aggregate exercise price of $202,800. The purchase price was paid through a cashless transaction whereby the Issuer withheld 6,146 of the shares at the fair market value of $33 per share, in lieu of cash payment and the Reporting person received the remaining 71,854 shares.
On December 22, 2021, the Issue's Board approved the award of 12,500 restricted shares of the Issuer's common stock to the Reporting Person, pursuant to a Restricted Stock Award Agreement, under the Issuer's 2011 Plan. Sixty percent, or 7,500 shares, of the restricted stock vested on December 31, 2021, and the remaining forty percent, or 5,000 shares, will vest on four equal parts on March 31, 2022, June 30, 2022, September 30, 2022, and December 31, 2022, respectively; provided, however, that any unvested restricted stock will fully vest in the event of any change in control of the Issuer.
Total shares of common stock includes 60,901 shares of the Issuer's common stock directly held by the Reporting Person prior to the reporting date.
/s/ Sean Macdonald
2022-01-14