DRNE issues 5.2 million options to Officers, directors and employees, a whopping 58% of the 8.9 million common shares oustanding as of the same date, August 3, 2017
Issuance of Stock Options
On August 3, 2017, upon approval of the Company’s board of directors, the Company issued outside its 2015 Equity Plan, 5,240,000 options to purchase the Company’s common stock to officers, directors and employees for services provided. Jay Nussbaum was issued 2,000,000 options, Felicia Hess was issued 1,200,000 options, Dan Erdberg was issued 1,140,000 options, Kendall Carpenter was issued 275,000 options, Directors David Aguilar, Mike Haas and General Wayne Jackson were issued 110,000, 10,000 and 10,000 options, respectively. The remaining 495,000 options were issued to employees and consultants. These stock options immediately vested, are exercisable at an exercise price of $1.00 per share and expire on August 3, 2021.
As of August 3, 2017, there were 8,932,470 shares of registrant’s common stock outstanding.
DRNE issues 10Q for 2nd quarter ending June 30, 2017
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