GLOWPOINT, INC. 4
4 · GLOWPOINT, INC. · Filed Jan 29, 2015
Insider Transaction Report
Form 4
GLOWPOINT, INC.GLOW
LOMBARDI PATRICK J
Director
Transactions
- Disposition to Issuer
common stock
2015-01-27$1.05/sh−21,917$23,013→ 69,681 total - Award
common stock
2015-01-27$1.05/sh+62,237$65,349→ 91,598 total
Footnotes (2)
- [F1]Represents a grant of time-based restricted stock units under the issuer's 2014 Equity Incentive Plan. Each time-based restricted stock unit represents the contingent right to receive, upon vesting of the unit, one share of the issuer's common stock. The units are scheduled to vest January 1, 2016, subject to the terms and conditions set forth in the award agreement. The closing price of the issuer's common stock on the date of grant was $1.05.
- [F2]The issuer purchased from the reporting person 21,917 shares of restricted stock granted to the reporting person on April 21, 2014 and May 28, 2014 under the issuer's 2007 Stock Incentive Plan to satisfy the reporting person's tax obligations relating to such grant.