SARAH CLARK 4
4 · MITEK SYSTEMS INC · Filed Nov 17, 2017
Insider Transaction Report
Form 4
SARAH CLARK
General Manager
Transactions
- Award
Common Stock
2017-11-15+11,628→ 110,271 total - Sale
Common Stock
2017-11-17$8.56/sh−7,741$66,263→ 102,530 total - Award
Stock Option (Right to Buy)
2017-11-15+21,907→ 21,907 totalExercise: $8.60Exp: 2027-11-15→ Common Stock (21,907 underlying)
Footnotes (3)
- [F1]Represents restricted stock units granted on November 15, 2017. Shares subject to the award vest over four years from the date of grant, with 25% of the shares subject to the award vesting on the first anniversary of the date of grant and the remaining shares vesting in three equal annual installments thereafter.
- [F2]Represents the disposition of shares that were automatically sold by Mitek Systems, Inc. to pay withholding taxes upon the vesting of 20,000 restricted stock units.
- [F3]Represents an incentive stock option granted on November 15, 2017. Shares subject to the award vest over four years from the date of grant, with 25% of the shares subject to the award vesting on the first anniversary of the date of grant and the remaining shares vesting in thirty-six equal monthly installments thereafter.