Crexendo : Statement of changes in beneficial ownership of securities

SECURITIES & EXCHANGE COMMISSION EDGAR FILING

Crexendo, Inc.

Form: 4

Date Filed: 2020-10-13

Corporate Issuer CIK: 1075736

• Copyright 2020, Issuer Direct Corporation. All Right Reserved. Distribution of this document is strictly prohibited, subject to the terms of use.

FORM 4

Check this box if no longer subject to Section

16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

(Print or Type Responses)

UNITED STATES SECURITIES AND EXCHANGE COMMISSION	OMB APPROVAL
Washington, D.C. 20549	OMB Number:	3235-0287
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES	Estimated average burden hours
per response...	0.5

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the

Investment Company Act of 1940

1. Name and Address of Reporting Person*

2. Issuer Name and Ticker or Trading Symbol

5. Relationship of Reporting Person(s) to Issuer

Gaylor Douglas Walter

Crexendo, Inc. [CXDO]

(Check all applicable)

_____ Director

_____ 10% Owner

(Last)

(First)

(Middle)

3. Date of Earliest Transaction (Month/Day/Year)

__X__ Officer (give title below)

_____ Other (specify below)

1615 S 52ND ST

10/12/2020

Chief Operating Officer

(Street)

4. If Amendment, Date Original Filed(Month/Day/Year)

6. Individual or Joint/Group Filing(Check Applicable Line)

_X_ Form filed by One Reporting Person

TEMPE, AZ 85281

___ 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

2. Transaction

2A. Deemed

3. Transaction

4. Securities Acquired

5. Amount of Securities Beneficially Owned

6.

7. Nature

(Instr. 3)

Date

Execution Date, if

Code

(A) or Disposed of (D)

Following Reported Transaction(s)

Ownership

of Indirect

(Month/Day/Year)

any

(Instr. 8)

(Instr. 3, 4 and 5)

(Instr. 3 and 4)

Form:

Beneficial

(Month/Day/Year)

Direct (D)

Ownership

or Indirect

(Instr. 4)

(A) or

(I)

Code

V

Amount

(D)

Price

(Instr. 4)

Common Stock

10/12/2020

M(1)

500

A

$ 0

6,999

D

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

Persons who respond to the collection of information contained in this

SEC 1474 (9-02)

form are not required to respond unless the form displays a currently valid

OMB control number.

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned

(e.g., puts, calls, warrants, options, convertible securities)

1. Title of

2.

3. Transaction

3A. Deemed

4. Transaction

5. Number of

6. Date Exercisable

7. Title and Amount of

8. Price of

9. Number of

10.

11. Nature

Derivative

Conversion

Date

Execution Date, if

Code

Derivative

and Expiration Date

Underlying Securities

Derivative

Derivative

Ownership

of Indirect

Security

or Exercise

(Month/Day/Year)

any

(Instr. 8)

Securities

(Month/Day/Year)

(Instr. 3 and 4)

Security

Securities

Form of

Beneficial

(Instr. 3)

Price of

(Month/Day/Year)

Acquired (A) or

(Instr. 5)

Beneficially

Derivative

Ownership

Derivative

Disposed of (D)

Owned

Security:

(Instr. 4)

Security

(Instr. 3, 4, and

Following

Direct (D)

5)

Reported

or Indirect

Transaction(s)

(I)

Date

Expiration

Amount or

(Instr. 4)

(Instr. 4)

Title

Number of

Exercisable

Date

Code

V

(A)

(D)

Shares

Restricted

$ 0 (2)

10/12/2020

M

500

(3)

(3)

Common

500

$ 0

14,501

D

Stock Unit

Stock

Reporting Owners

Reporting Owner Name / Address

Relationships

Director

10% Owner

Officer

Other

Gaylor Douglas Walter

1615 S 52ND ST

Chief Operating Officer

TEMPE, AZ 85281

Signatures

/s/Douglas Walter Gaylor

10/13/2020

**

Signature of Reporting Person

Date

Explanation of Responses:

• 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).
  (1) Vesting of RSUs granted on March 12, 2020.
  (2) Each RSU is the economic equivalent of one share of Crexendo common stock. The closing price of CXDO on October 12, 2020 was $5.50.

1. The RSUs vest in equal installments over 36 months starting on April 12, 2020 until such time as the RSUs are 100% vested, subject to continuous employment. Shares will be delivered upon vesting.

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB number.

EDGAR Stream is a copyright of Issuer Direct Corporation, all rights reserved.

FORM 4

Check this box if no longer subject to Section

16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

(Print or Type Responses)

UNITED STATES SECURITIES AND EXCHANGE COMMISSION	OMB APPROVAL
Washington, D.C. 20549	OMB Number:	3235-0287
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES	Estimated average burden hours
per response...	0.5

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the

Investment Company Act of 1940

1. Name and Address of Reporting Person*

2. Issuer Name and Ticker or Trading Symbol

5. Relationship of Reporting Person(s) to Issuer

Gaylor Douglas Walter

Crexendo, Inc. [CXDO]

(Check all applicable)

_____ Director

_____ 10% Owner

(Last)

(First)

(Middle)

3. Date of Earliest Transaction (Month/Day/Year)

__X__ Officer (give title below)

_____ Other (specify below)

1615 S 52ND ST

10/12/2020

Chief Operating Officer

(Street)

4. If Amendment, Date Original Filed(Month/Day/Year)

6. Individual or Joint/Group Filing(Check Applicable Line)

_X_ Form filed by One Reporting Person

TEMPE, AZ 85281

___ 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

2. Transaction

2A. Deemed

3. Transaction

4. Securities Acquired

5. Amount of Securities Beneficially Owned

6.

7. Nature

(Instr. 3)

Date

Execution Date, if

Code

(A) or Disposed of (D)

Following Reported Transaction(s)

Ownership

of Indirect

(Month/Day/Year)

any

(Instr. 8)

(Instr. 3, 4 and 5)

(Instr. 3 and 4)

Form:

Beneficial

(Month/Day/Year)

Direct (D)

Ownership

or Indirect

(Instr. 4)

(A) or

(I)

Code

V

Amount

(D)

Price

(Instr. 4)

Common Stock

10/12/2020

M(1)

500

A

$ 0

6,999

D

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

Persons who respond to the collection of information contained in this

SEC 1474 (9-02)

form are not required to respond unless the form displays a currently valid

OMB control number.

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned

(e.g., puts, calls, warrants, options, convertible securities)

1. Title of

2.

3. Transaction

3A. Deemed

4. Transaction

5. Number of

6. Date Exercisable

7. Title and Amount of

8. Price of

9. Number of

10.

11. Nature

Derivative

Conversion

Date

Execution Date, if

Code

Derivative

and Expiration Date

Underlying Securities

Derivative

Derivative

Ownership

of Indirect

Security

or Exercise

(Month/Day/Year)

any

(Instr. 8)

Securities

(Month/Day/Year)

(Instr. 3 and 4)

Security

Securities

Form of

Beneficial

(Instr. 3)

Price of

(Month/Day/Year)

Acquired (A) or

(Instr. 5)

Beneficially

Derivative

Ownership

Derivative

Disposed of (D)

Owned

Security:

(Instr. 4)

Security

(Instr. 3, 4, and

Following

Direct (D)

5)

Reported

or Indirect

Transaction(s)

(I)

Date

Expiration

Amount or

(Instr. 4)

(Instr. 4)

Title

Number of

Exercisable

Date

Code

V

(A)

(D)

Shares

Restricted

$ 0 (2)

10/12/2020

M

500

(3)

(3)

Common

500

$ 0

14,501

D

Stock Unit

Stock

Reporting Owners

Reporting Owner Name / Address

Relationships

Director

10% Owner

Officer

Other

Gaylor Douglas Walter

1615 S 52ND ST

Chief Operating Officer

TEMPE, AZ 85281

Signatures

/s/Douglas Walter Gaylor

10/13/2020

**

Signature of Reporting Person

Date

Explanation of Responses:

• 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).
  (1) Vesting of RSUs granted on March 12, 2020.
  (2) Each RSU is the economic equivalent of one share of Crexendo common stock. The closing price of CXDO on October 12, 2020 was $5.50.

1. The RSUs vest in equal installments over 36 months starting on April 12, 2020 until such time as the RSUs are 100% vested, subject to continuous employment. Shares will be delivered upon vesting.

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB number.

EDGAR Stream is a copyright of Issuer Direct Corporation, all rights reserved.