OWC Pharmaceutical Research Corp (OWCP)

[I-Glow]

Sorry but once again I am right - here is the entire explanation.

"On December 15, 2016, the Company granted Mr. Baruch 7,000,000 options under its 2016 ESOP. These options are exercisable at $0.05 and are subject to the provisions of the applicable Israeli law. The options are held by a trustee and vest over a period of two years. They may not be exercised within the first two years after the date of grant. Nevertheless, these options vest 1/3 on the day of grant and 8.33% vest on a quarterly basis thereafter."

What you don't seem to understand is that there wouldn't have been a Form 3 filed if the option hadn't been exercised.

So the 2 year date is what is confusing you - 1/3 of the shares (2.3 million) where vested immediately - he exercised the option and now has free trading shares.

IG