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Wednesday, June 28, 2017 4:01:44 PM
"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
"Straight Facts Homey!"
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