UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 OR 15(d) of The Securities Exchange Act of 1934
Date
of Report (Date of earliest event reported) November 16, 2007 (November 12,
2007)
VECTr
SYSTEMS
INC.
(Exact
name of registrant as specified in its charter)
Nevada
(State
or other jurisdiction of incorporation)
000-52412
(Commission
File Number)
20-2437159
(IRS
Employer Identification No.)
252
N. Washington Street,
Falls Church, VA 22046
(Address
of principal executive offices and Zip Code)
888-429-1438
(Registrant's
telephone number, including area code)
N/A
(Former
name or former address, if changed since last report)
Check
the appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the
registrant
under any of the following provisions:
[
] Written communications pursuant to Rule 425 under the Securities Act (17
CFR 230.425)
[
] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17
CFR 240.14a -12)
[
] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
Act (17 CFR 240.14d -2(b))
[
] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e -4(c))
Item
3.02 Unregistered Sales of Equity
Securities
On
November 12, 2007, our board of directors granted 100,000 non-statutory stock
options to Mr. Steven A. Sanders, Secretary and Director of our
company, at an exercise price of $1.10.
On
November 13, 2007, our board of directors granted 100,000 non-statutory stock
options to Mr. John Schell, a consultant to our company, at an exercise price
of
$1.10.
All
of the options were granted pursuant to our 2007 Stock Option Plan and vest
in
four installments, with the first installment of 25% vesting at the date
of
grant, the second installment of 25% vesting May 30, 2008, the third installment
of 25% vesting November 30, 2008 and the last installment of 25% vesting
May 30,
2009.
Both
Mr. Sanders and Mr. Schell are U.S. Persons. In granting these options, we
relied on the exemption from registration provided by Section 4(2) of the
Securities Act of 1933, as amended.
On
November 12, 2007, Mr. Randle Barrington-Foote resigned as our Secretary
and
Director and Mr. Steven A. Sanders was appointed as our Secretary and Director.
Mr. Sanders is currently Senior Partner at Sanders, Ortoli, Vaughn-Flam,
Rosenstadt LLP. Mr. Sanders also serves as a Director of
Genesis Minerals Ltd. and as Director of Helijet International, Inc.,
NaiKun Wind Development, Inc., and OP-TECH Environmental Services,
Inc. Additionally, he is a Director of the Roundabout Theatre (the largest
not-for-profit theatre in North America), Town Hall New York City, and the
New
York Theatre Ballet.
Also,
on November 12, 2007, our board of directors granted 100,000 non-statutory
stock
options to Mr. Sanders pursuant to our 2007 Stock Option Plan at an
exercise price of $1.10. The options granted to Mr. Sanders vest in four
installments, with the first installment of 25% vesting at the date of grant,
the second installment of 25% vesting May 30, 2008, the third installment
of 25%
vesting November 30, 2008 and the last installment of 25% vesting May 30,
2009.
Item
9.01 Financial Statements and
Exhibits
10.1
2007 Stock Option Plan*
*Previously
filed in Form 8-K on June 11, 2007
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant
has
duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.
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VECTr
Systems, Inc. |
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Date:
November 15, 2007
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By:
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/s/ Robert
Knight |
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Robert
Knight |
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President
and Director |
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