Sec Form 4 Filing - Guzy Jeffrey J @ Leatt Corp - 2019-02-12

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
Guzy Jeffrey J
2. Issuer Name and Ticker or Trading Symbol
Leatt Corp [ LEAT]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X __ Director _____ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last) (First) (Middle)
12 KIEPERSOL DRIVE, ATLAS GARDENS, CONTERMANSKLOOF ROAD
3. Date of Earliest Transaction (MM/DD/YY)
02/12/2019
(Street)
DURBANVILLE, WESTERN CAPE, T37441
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
Common Stock, par value $0.001 per share 02/12/2019 F( 2 ) 15,000 ( 2 ) A $ 1 ( 2 ) 41,667 ( 1 ) ( 2 ) D
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, par value $0.001 per share $ 1 02/14/2014 02/14/2014 A( 2 ) 15,000 ( 2 ) 02/14/2014 02/13/2019 Common Stock, par value $0.001 per share 15,000 ( 2 ) $ 0 15,000 ( 2 ) D
Options to purchase Common Stock, par value $0.001 per share $ 2.6 11/22/2016 11/22/2016 A( 3 ) 10,000 ( 3 ) 03/29/2017 11/21/2026 Common Stock, par value $0.001 per share 10,000 ( 3 ) $ 0 25,000 ( 3 ) D
Options to purchase Common Stock, par value $0.001 per share $ 1 02/12/2019 02/12/2019 M( 2 ) 15,000 ( 2 ) 02/14/2014 02/14/2019 Common Stock, par value $0.001 per share 15,000 ( 2 ) $ 0 10,000 ( 2 ) D
Options to purchase Common Stock, par value $0.001 per share $ 2.3 02/25/2019 02/25/2019 A( 4 ) 15,000 ( 4 ) 02/25/2019 02/25/2029 Common Stock, par value $0.001 per share 15,000 ( 4 ) $ 0 25,000 ( 4 ) D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Guzy Jeffrey J
12 KIEPERSOL DRIVE, ATLAS GARDENS
CONTERMANSKLOOF ROAD
DURBANVILLE, WESTERN CAPE, T37441
X
Signatures
/s/ Sean Macdonald 05/06/2019
Signature of Reporting Person Date
Explanation of Responses:
( 1 )The Reporting Person was the holder of 26,667 shares of the Issuer's common stock after giving effect to a 1-for-25 reverse split of the Issue's common stock effected on September 20, 2012.
( 2 )On February 14, 2014, the Issuer's Board of Directors approved the grant to the Reporting Person, of a 5-year option to purchase 15,000 shares of the Issuer's common stock at an exercise price of $1.00 a share under the Issuer's 2011 Plan, all of which vested by February 14, 2017. On February 12, 2019, the Reporting Person exercised his options to purchase 15,000 shares of the Issuer's Common Stock.
( 3 )On November 22, 2016, the Reporting Person was granted a 10-year option to purchase 10,000 shares of the Issuer's common stock at $2.60 per share under the Issuer's 2011 Plan, 6,000 of which vested on March 29, 2017 and the remaining 4,000 of which vested in two equal parts on March 29, 2018 and 2019, respectively.
( 4 )On February 25, 2019, the Reporting Person was granted options to purchase another 15,000 shares of the Issuer's common stock at $2.30 per share under the Issuer's 2011 Plan which will expire on February 24, 2029. Options to purchase 30% or 4,500 shares immediately vested, options to purchase another 40% or 6,000 shares will vest in two equal portions of 3,000 each on February 25, 2020 and 2021, respectively, and the remaining 30% or 4,500 will vest on February 25, 2022.

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