Filing Details

Accession Number:
0001140361-13-045032
Form Type:
4
Zero Holdings:
No
Publication Time:
2013-12-05 16:10:08
Reporting Period:
2013-12-03
Filing Date:
2013-12-05
Accepted Time:
2013-12-05 16:10:08
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1034760 Widepoint Corp WYY Services-Computer Integrated Systems Design (7373) 522040275
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1538704 Michael Mansouri 8909 Harvest Square Drive
Potomac MD 20854
Ceo-Widepoint Solutions Corp. No Yes No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock Acquisiton 2013-12-03 10,000 $1.07 78,297 No 4 P Direct
Common Stock Acquisiton 2013-12-03 10,800 $1.08 89,097 No 4 P Direct
Common Stock Acquisiton 2013-12-03 7,900 $1.09 96,997 No 4 P Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 P Direct
No 4 P Direct
No 4 P Direct
Reported Derivative Holdings
Sec. Name Sec. Type Price Date Expiration Date Amount Remaning Holdings Nature of Ownership
Common Stock Option to Buy $0.69 2013-01-03 2018-01-03 100,000 100,000 Direct
Common Stock Option to Buy $0.46 2020-01-30 100,000 100,000 Direct
Expiration Date Amount Remaning Holdings Nature of Ownership
2018-01-03 100,000 100,000 Direct
2020-01-30 100,000 100,000 Direct
Footnotes
  1. The options will fully vest after 5 years on January 3, 2017 and include an acceleration feature that allows early vesting of 1/3 of the options upon achievement of certain 2012 financial targets and early vesting of the remaining 2/3 of the options upon achievement of certain 2013 financial targets.
  2. The options will vest 100% on October 31, 2019 provided that Mr. Mansouri remains an employee. The vesting of the options may be accelerated to January 30, 2014 if Mr. Mansouri achieves 110% of his sales goals for 2013.