Sec Form 4 Filing - FRANK DAVID A @ AquaBounty Technologies, Inc. - 2020-03-12

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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
FRANK DAVID A
2. Issuer Name and Ticker or Trading Symbol
AquaBounty Technologies, Inc. [ AQB]
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)
C/O AQUABOUNTY TECHNOLOGIES, INC., 2 MILL & MAIN PLACE, SUITE 395
3. Date of Earliest Transaction (MM/DD/YY)
03/12/2020
(Street)
MAYNARD, MA01754
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 35,000 D
Common Stock 03/12/2020 A 14,660 A $ 0 14,660 ( 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
Options to Purchase Common Stock $ 6.9 ( 2 ) 01/11/2014( 3 ) 01/11/2021 Common Stock 5,000 ( 4 ) 5,000 D
Options to Purchase Common Stock $ 7.5 ( 2 ) 04/27/2016( 5 ) 04/27/2023 Common Stock 6,667 ( 4 ) 6,667 D
Options to Purchase Common Stock $ 23.4 ( 2 ) 01/20/2017( 6 ) 01/20/2024 Common Stock 6,667 ( 4 ) 6,667 D
Options to Purchase Common Stock $ 14.2 02/27/2020( 7 ) 04/21/2027 Common Stock 10,000 10,000 D
Options to Purchase Common Stock $ 2.5 02/27/2019( 8 ) 02/27/2028 Common Stock 15,152 15,152 D
Options to Purchase Common Stock $ 2.22 04/30/2020( 9 ) 04/30/2029 Common Stock 20,000 20,000 D
Options to Purchase Common Stock $ 1.88 03/12/2020 A 12,827 03/12/2023( 10 ) 03/12/2030 Common Stock 12,827 $ 0 12,827 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
FRANK DAVID A
C/O AQUABOUNTY TECHNOLOGIES, INC.
2 MILL & MAIN PLACE, SUITE 395
MAYNARD, MA01754
See Remarks
Signatures
/s/ David A. Frank, Name: David A. Frank 03/16/2020
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Award of restricted stock granted on 3/12/2020 pursuant to the AquaBounty Technologies, Inc. 2016 Equity Incentive Plan that vests immediately as to 1/3 of the grant, with the remaining 2/3 fully vesting two years after the date of grant.
( 2 )Effective as of 1/5/2017, the Issuer effected a 30-for-1 reverse split of its common stock. The price reflects the reverse stock split.
( 3 )Options to purchase common stock were granted on 1/11/2011 pursuant to the AquaBounty Technologies, Inc. 2006 Equity Incentive Plan and have fully vested.
( 4 )Effective as of 1/5/2017, the Issuer effected a 30-for-1 reverse split of its common stock. The number of shares reflects the reverse stock split.
( 5 )Options to purchase common stock were granted on 4/27/2013 pursuant to the AquaBounty Technologies, Inc. 2006 Equity Incentive Plan and have fully vested.
( 6 )Options to purchase common stock were granted on 1/20/2014 pursuant to the AquaBounty Technologies, Inc. 2006 Equity Incentive Plan and have fully vested.
( 7 )Options to purchase common stock were granted on 4/21/2017 pursuant to the AquaBounty Technologies, Inc. 2016 Equity Incentive Plan and fully vest three years after the date of grant.
( 8 )Options to purchase common stock were granted on 2/27/2018 pursuant to the AquaBounty Technologies, Inc. 2016 Equity Incentive Plan and have fully vested.
( 9 )Options to purchase common stock were granted on 4/30/2019 pursuant to the AquaBounty Technologies, Inc. 2016 Equity Incentive Plan and fully vest one year after the date of grant.
( 10 )Options to purchase common stock were granted on 3/12/2020 pursuant to the AquaBounty Technologies, Inc. 2016 Equity Incentive Plan and fully vest three years after the date of grant.

Remarks:
Chief Financial Officer and Treasurer

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