Sec Form 4/A Filing - Petronis Scott @ EXP World Holdings, Inc. - 2017-04-17

Insider filing report for Changes in Beneficial Ownership
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FORM 4/A
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
Petronis Scott
2. Issuer Name and Ticker or Trading Symbol
EXP World Holdings, Inc. [ EXPI]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
See Remarks **
(Last) (First) (Middle)
2219 RIMLAND DRIVE, SUITE 301
3. Date of Earliest Transaction (MM/DD/YY)
04/17/2017
(Street)
BELLINGHAM, WA98226
4. If Amendment, Date Original Filed (MM/DD/YY)
02/14/2019
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 07/17/2017 A( 1 ) 3,125 A $ 0 3,125 D
Common Stock 10/17/2017 A( 1 ) 3,125 A $ 0 6,500 D
Common Stock 01/17/2018 A( 1 ) 3,125 A $ 0 9,625 D
Common Stock 04/17/2018 A( 1 ) 3,125 A $ 0 12,500 D
Common Stock 07/17/2018 A( 1 ) 3,125 A $ 0 15,625 D
Common Stock 10/17/2018 A( 1 ) 3,125 A $ 0 18,750 D
Common Stock 12/20/2018 S( 2 ) 15,625 D $ 7.74 ( 3 ) 3,125 D
Common Stock 01/17/2019 A( 1 ) 3,125 A $ 0 6,250 D
Common Stock 02/12/2019 M( 4 ) 5,000 A $ 3.55 11,250 D
Common Stock 02/12/2019 S( 5 ) 5,000 D $ 10.73 ( 6 ) 6,250 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
Stock Option (Right to Buy) $ 3.55 04/17/2017 A 230,000 ( 7 ) 04/17/2027 Common Stock 230,000 $ 0 230,000 D
Stock Option (Right to Buy) $ 3.55 12/20/2018 M( 4 ) 5,000 ( 7 ) 04/17/2027 Common Stock 5,000 $ 0 225,000 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Petronis Scott
2219 RIMLAND DRIVE, SUITE 301
BELLINGHAM, WA98226
See Remarks **
Signatures
/s/ Coleman Wombwell, attorney-in-fact for Scott Petronis 03/14/2019
Signature of Reporting Person Date
Explanation of Responses:
( 1 )This amendment is being filed to correct errors in a Form 4 of the reporting person filed on February 14, 2019 (the "Prior Form 4") as described in this and other footnotes to this Form 4. This amendment amends and restates the Prior Form 4 in its entirety. This line item reflects shares granted under an employment agreement by and between the reporting person and a subsidiary of EXP World Holdings, Inc. (the "Issuer") pursuant to which the Issuer shall issue 50,000 shares of common stock to the reporting person in 16 equal quarterly installments beginning July 17, 2017.
( 2 )This line item reflects a December 20, 2018 sale by the reporting person of 15,625 shares of Common Stock that was inadvertently omitted from the Prior Form 4.
( 3 )The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $7.70 to $7.89, inclusive. The reporting person undertakes to provide to the Issuer any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in this footnote (3) to this Form 4.
( 4 )This line item reflects a February 12, 2019 exercise of Stock Options by the reporting person that was incorrectly reported in the Prior Form 4.
( 5 )The sale reported in this line item was effected pursuant to a preexisting Rule 10b5-1 trading plan adopted by the reporting person.
( 6 )The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $10.56 to $10.88, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in this footnote (6) to this Form 4.
( 7 )The Stock Options shares vest ratably over a four year period in 16 quarterly installments, with the final vesting date on April 17, 2021.

Remarks:
Chief Product and Technology Officer of EXP Realty

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(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).

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