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