Sec Form 4 Filing - Burlend Matthew D @ VirTra, Inc - 2018-06-28

Insider filing report for Changes in Beneficial Ownership
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FORM 4
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
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
Burlend Matthew D
2. Issuer Name and Ticker or Trading Symbol
VirTra, Inc [ VTSI]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X __ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
Chief Operating Officer & VP
(Last) (First) (Middle)
C/O VIRTRA, INC., 7970 S. KYRENE RD.
3. Date of Earliest Transaction (MM/DD/YY)
06/28/2018
(Street)
TEMPE, AZ85284
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction 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
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(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
Stock option (right to buy) ( 1 ) $ 1.88 06/28/2018 J( 2 ) 5,000 07/01/2011 07/01/2018 Common Stock 5,000 $ 1.88 0 D
Stock option (right to buy) ( 3 ) $ 1.4 11/14/2018 J( 4 ) 5,000 01/01/2012 01/01/2019 Common Stock 5,000 $ 1.4 0 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Burlend Matthew D
C/O VIRTRA, INC.
7970 S. KYRENE RD.
TEMPE, AZ85284
X Chief Operating Officer & VP
Signatures
/s/ Matthew D. Burlend 02/13/2019
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Represents a non-qualified stock option to purchase 5,000 shares of the issuer's common stock at an exercise price of $1.88 per share granted to Mr. Burlend on July 1, 2011.
( 2 )Rather than have this stock option exercised in the market, the issuer purchased the stock option from Mr. Burlend for cash on June 28, 2018. The issuer's purchase of this stock option was effected in the same manner as stock option purchases from all other staff of the issuer. This Form 4 is being filed to report this previously unreported transaction.
( 3 )Represents a non-qualified stock option to purchase 5,000 shares of the issuer's common stock at an exercise price of $1.40 per share granted to Mr. Burlend on January 1, 2012.
( 4 )Rather than have this stock option exercised in the market, the issuer purchased such stock options from Mr. Burlend for cash on November 14, 2018. The issuer's purchase of this stock option was effected in the same manner as stock option purchases from all other staff of the issuer. This Form 4 is being filed to report this previously unreported transaction.

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* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
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