0001062993-23-008120.txt : 20230331
0001062993-23-008120.hdr.sgml : 20230331
20230331092815
ACCESSION NUMBER: 0001062993-23-008120
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20221213
FILED AS OF DATE: 20230331
DATE AS OF CHANGE: 20230331
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: 23783673
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
X0407
4
2022-12-13
0001456189
Leatt Corp
LEAT
0001553633
Macdonald Sean
12 KIEPERSOL DRIVE, ATLAS GARDENS
CONTERMANSKLOOF ROAD
DURBANVILLE, WESTERN CAPE
T3
7441
SOUTH AFRICA
1
0
0
0
0
Common Stock, par value $0.001 per share
2022-12-13
4
F
0
20240
1.60
A
208779
D
Common Stock, par value $0.001 per share
2022-12-13
4
F
0
69030
2.30
A
277809
D
Common Stock, par value $0.001 per share
2022-12-20
4
A
0
10000
18.51
A
287809
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 Plan, which vested in full on December 31, 2019. On December 13, 2022, the Reporting Person exercised his option to purchase 22,000 of these shares at an aggregate exercise price of $35,200. The purchase price was paid through a cashless transaction whereby the Issuer withheld 1,760 of the shares at the fair market value of $20 per share, in lieu of cash payment and the Reporting person received the remaining 20,240 shares.
On February 25, 2019, 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 $2.30 per share under the 2011 Amended and Restated Equity Incentive Plan ("2011 Plan"), which vested in full on February 25, 2022. On December 13, 2022, the Reporting Person exercised his option to purchase these shares at an aggregate exercise price of $179,400. The purchase price was paid through a cashless transaction whereby the Issuer withheld 8,970 of the shares at the fair market value of $20 per share, in lieu of cash payment and the Reporting person received the remaining 69,030 shares.
On December 20, 2022, the Issuer's Board approved the award of 10,000 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, all of which vested on December 31, 2022. The Reporting Person is now the holder of 287,809 shares of the Issuer's common stock.
/s/ Sean Macdonald
2023-03-31