Sec Form 4 Filing - Hug, Gerard Francis @ SITO MOBILE, LTD. - 2016-11-09

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
Hug, Gerard Francis
2. Issuer Name and Ticker or Trading Symbol
SITO MOBILE, LTD. [ SITO]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X __ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
CEO
(Last) (First) (Middle)
C/O SITO MOBILE, LTD., 100 TOWN SQUARE PLACE, SUITE 204
3. Date of Earliest Transaction (MM/DD/YY)
11/09/2016
(Street)
JERSEY CITY, NJ07301
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
Options to Purchase Common Stock $ 3.51 11/18/2015 A 138,419 ( 1 )( 2 ) 11/18/2020 Common Stock 138,419 $ 0 589,009 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Hug, Gerard Francis
C/O SITO MOBILE, LTD.
100 TOWN SQUARE PLACE, SUITE 204
JERSEY CITY, NJ07301
X CEO
Signatures
/s/ Gerald Hug 11/14/2016
Signature of Reporting Person Date
Explanation of Responses:
( 1 )In November 2015, the Reporting Person was granted options to purchase up to 150,000 shares of common stock of the Issuer which grant was previously reported by the Reporting Person. The options were granted as performance options with the number of options earned and received by the Reporting Person dependent upon the achievement of certain corporate goals set by the Compensation Committee of the Issuer. On November 9, 2016, the Board, based upon the recommendation of the Issuer's Compensation Committee, determined that the Reporting Person earned options to purchase 138,419 shares of common stock of the Issuer out of the 150,000 that were initially granted based upon the achievement of the corporate goals set in November 2015.
( 2 )The options vest and are exercisable in 1/3 increments over a three year period. The first installment vested on November 18, 2015, the date of the grant. The Reporting Person agreed to forfeit and cancel the option with respect to 11,581 shares of the Issuer's common stock granted to the Reporting Person in November 2015.

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