Reynolds Brett 4
4 · AIR T INC · Filed Dec 4, 2018
Insider Transaction Report
Form 4
AIR T INCAIRT
Reynolds Brett
Chief Financial Officer
Transactions
- Award
Stock Warrants
2018-11-30$31.00/sh+25,000$775,000→ 25,000 totalExercise: $31.00From: 2019-06-30Exp: 2028-11-30→ Stock Warrants (25,000 underlying)
Footnotes (1)
- [F1]Up to 20% of the warrant shares may be purchased at any time after June 30, 2019. Up to 40% of the warrant shares (less any shares previously purchased) may be purchased at any time after June 30, 2020. Up to 60% of the warrant shares (less any shares previously purchased) may be purchased at any time after June 30, 2021. Up to 80% of the warrant shares (less any shares previously purchased) may be purchased at any time after June 30, 2022. Up to 100% of the warrant shares (less any shares previously purchased) may be purchased at any time after June 30, 2023. Vested warrants remain vested and exercisable in accordance with the terms of agreement following a termination of employment with the Company for any reason. Upon termination of employment with the Company for any reason, unvested warrants will vest pro-rata for the days of employment in that year.