UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | SEC 1473 (7-02) | ||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. |
1. Title of Derivative Security (Instr. 4) |
2. Date Exercisable and Expiration Date (Month/Day/Year) |
3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) |
4. Conversion or Exercise Price of Derivative Security | 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5) |
6. Nature of Indirect Beneficial Ownership (Instr. 5) |
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Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||
Employee Stock Options (right to buy) | (1) | 01/27/2030 | Common Stock, par value $0.01 per share | 15,000 | $ 7.54 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Elkins Elizabeth C/O POWERFLEET, INC. 123 TICE BLVD. WOODCLIFF LAKE, NJ 07677 |
Chief Product Officer |
/s/ Elizabeth Elkins | 05/05/2021 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 5(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) | On January 27, 2020, Elizabeth Elkins (the "Reporting Person") was granted options to purchase 15,000 shares of common stock, par value $0.01 per share, under PowerFleet, Inc.'s (the "Company") 2018 Incentive Plan in consideration of her services as an officer of the Company. These options vest in equal increments over a four-year period commencing on the grant date, such that 25% of the options vested on the first anniversary of the grant date and the remaining 75% of the options will vest on the second, third and fourth anniversaries of the grant date, provided that the Reporting Person is employed by the Company on each date. |
Remarks: Exhibit 24 - Power of Attorney. |