Sec Form 4 Filing - Mooers Richard L @ Vislink Technologies, Inc. - 2018-12-31

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
Mooers Richard L
2. Issuer Name and Ticker or Trading Symbol
Vislink Technologies, Inc. [ VISL]
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)
240 SOUTH PINEAPPLE AVENUE,, SUITE 701
3. Date of Earliest Transaction (MM/DD/YY)
12/31/2018
(Street)
SARASOTA, FL34236
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 57,145 ( 1 ) D
Common Stock 12/31/2018 J( 2 ) 16,295 D $ 0 40,850 ( 1 ) I By MB Technology Holdings, LLC ( 2 )
Common Stock 12/31/2018 J( 2 ) 177 D $ 0 40,673 ( 1 ) I By MB Technology Holdings, LLC ( 2 )
Common Stock 12/31/2018 J( 3 ) 7 D $ 0 40,666 ( 1 ) I By Mooers Partners, LLC ( 3 )
Common Stock 05/24/2019 A 3,858 ( 4 ) A $ 0.368 44,524 ( 1 ) 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) $ 82,440 12/31/2018 J( 2 ) 177 ( 2 ) 01/16/2018 Common Stock 177 $ 0 0 I By MB Technology Holdings, LLC ( 2 )
Warrants $ 840,000 12/31/2018 J 7 ( 3 ) 01/19/2016 Common Stock 7 $ 0 0 I By Mooers Partners, LLC ( 3 )
Options (Right to buy) $ 15.5 03/24/2017 A 0 ( 5 ) ( 5 ) 03/24/2027 Common Stock 2,500 $ 0 2,500 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Mooers Richard L
240 SOUTH PINEAPPLE AVENUE,
SUITE 701
SARASOTA, FL34236
X
Signatures
/s/ Richard Mooers 05/30/2019
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Shares have been split-adjusted pursuant to the Company's 1-for-10 reverse stock split effective May 13, 2019.
( 2 )Mr. Mooers is an 80% interest holder in MB Merchant Group, LLC, which in turn is a 45.85% owner of MB Technology Holdings, LLC ("MBTH"). MBTH owns 16,295 shares of Common Stock and 177 shares of Common Stock underlying options that are presently exercisable. On 12/31/2018, MB Merchant Group, LLC abandoned its holdings in MB Technology Holdings, LLC.
( 3 )Trusts for the benefit of Mr. Mooers' children beneficially owned shares and warrants of the Company through Mooers Partners, LLC, of which these family trusts and entities beneficially own 100%. These warrants have expired.
( 4 )The securities were issued to Mr. Mooers pursuant to the 2016 Employee Stock Purchase Plan of xG Technology, Inc.
( 5 )These options were granted on March 24, 2017 under the 2015 Incentive Compensation Plan. The options vest over three years with 2,500 shares subject to the options vesting on the first anniversary of the grant, 2,500 vesting on the second anniversary of the grant, and 2,500 vesting on the third anniversary of the grant, until fully vested on March 24, 2020.

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