Statement of Changes in Beneficial Ownership (4)
19 February 2021 - 9:31AM
Edgar (US Regulatory)
FORM 4
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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3235-0287
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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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1. Name and Address of Reporting Person
*
OTT LEONARD L |
2. Issuer Name and Ticker or Trading Symbol
SOCKET MOBILE, INC.
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SCKT
]
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) EVP of Engineering and CTO |
(Last)
(First)
(Middle)
39700 EUREKA DRIVE |
3. Date of Earliest Transaction
(MM/DD/YYYY)
2/16/2021 |
(Street)
NEWARK, CA 94560
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
_X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security (Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code (Instr. 8)
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4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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Common Stock | 2/16/2021 | 2/16/2021 | M | | 3500 | A | $0.95 | 59823 | D | |
Common Stock | 2/16/2021 | 2/16/2021 | M | | 3500 | A | $0.95 | 63323 | D | |
Common Stock | 2/16/2021 | 2/16/2021 | M | | 4942 | A | $1.04 | 68265 | D | |
Common Stock | 2/16/2021 | 2/16/2021 | M | | 4250 | A | $2.36 | 72515 | D | |
Common Stock | 2/16/2021 | 2/16/2021 | M | | 3500 | A | $2.27 | 76015 | D | |
Common Stock | 2/16/2021 | 2/16/2021 | M | | 3500 | A | $2.27 | 79515 | D | |
Common Stock | 2/16/2021 | 2/16/2021 | M | | 3500 | A | $2.27 | 83015 | D | |
Common Stock | 2/16/2021 | 2/16/2021 | M | | 3500 | A | $2.27 | 86515 | D | |
Common Stock | 2/16/2021 | 2/16/2021 | M | | 4250 | A | $2.27 | 90765 | D | |
Common Stock | 2/16/2021 | 2/16/2021 | M | | 3500 | A | $0.95 | 94265 | D | |
Common Stock | 2/16/2021 | 2/16/2021 | M | | 4375 | A | $2.75 | 98640 | D | |
Common Stock | 2/16/2021 | 2/16/2021 | M | | 4375 | A | $2.75 | 103015 | D | |
Common Stock | 2/16/2021 | 2/16/2021 | M | | 4375 | A | $2.75 | 107390 | D | |
Common Stock | 2/16/2021 | 2/16/2021 | M | | 4375 | A | $2.75 | 111765 | D | |
Common Stock | 2/16/2021 | 2/16/2021 | S(1) | | 55442 | D | $9.93 (2) | 56323 | D | |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Trans. Date | 3A. Deemed Execution Date, if any | 4. Trans. Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) |
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
Common stock option | $0.95 | 2/16/2021 | | M | | | 3500 | (3) | 3/3/2024 | Common | 3500 | $0 | 140892 | D | |
Common stock option | $0.95 | 2/16/2021 | | I | | | 3500 | (3) | 3/3/2024 | Common | 3500 | $0 | 137392 | D | |
Common stock option | $1.04 | 2/16/2021 | | M | | | 4942 | (3) | 4/1/2023 | Common | 4942 | $0 | 132450 | D | |
Common stock option | $2.36 | 2/16/2021 | | M | | | 4250 | (3) | 2/27/2022 | Common | 4250 | $0 | 128200 | D | |
Common stock option | $2.27 | 2/16/2021 | | M | | | 3500 | (3) | 2/23/2025 | Common | 3500 | $0 | 124700 | D | |
Common stock option | $2.27 | 2/16/2021 | | M | | | 3500 | (3) | 2/23/2025 | Common | 3500 | $0 | 121200 | D | |
Common stock option | $2.27 | 2/16/2021 | | M | | | 3500 | (3) | 2/23/2025 | Common | 3500 | $0 | 117700 | D | |
Common stock option | $2.27 | 2/16/2021 | | M | | | 3500 | (3) | 2/27/2022 | Common | 3500 | $0 | 114200 | D | |
Common stock option | $2.27 | 2/16/2021 | | M | | | 4250 | (3) | 2/27/2022 | Common | 4250 | $0 | 109950 | D | |
Common stock option | $0.95 | 2/16/2021 | | M | | | 3500 | (3) | 3/3/2024 | Common | 3500 | $0 | 106450 | D | |
Explanation of Responses: |
(1) | The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on 11/25/2020 for the period of 11/30/2020 to 11/30/2021. |
(2) | The sale price reported in Column 4 of Table I is a weighted average price. These shares were sold in multiple transactions at prices ranging from $9.82 to $10.23, inclusive. The reporting person undertakes to provide to Socket Mobile Inc., any shareholder of Socket Mobile Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within such range. |
(3) | Vests monthly over 48 months. |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
OTT LEONARD L 39700 EUREKA DRIVE NEWARK, CA 94560 |
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| EVP of Engineering and CTO |
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Signatures
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/s/ Leonard Ott | | 2/18/2021 |
**Signature of Reporting Person | Date |
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