4//SEC Filing
TOR MINERALS INTERNATIONAL INC 4
Accession 0000842295-16-000012
CIK 0000842295operating
Filed
Apr 20, 8:00 PM ET
Accepted
Apr 21, 2:23 PM ET
Size
5.8 KB
Accession
0000842295-16-000012
Insider Transaction Report
Form 4
KARASCH OLAF
DirectorPresident & CEO
Transactions
- Award
Option Right to Buy
2016-04-21$4.51/sh+150,000$676,500→ 211,116 totalExercise: $4.51From: 2017-01-01Exp: 2030-12-31→ Common Stock (150,000 underlying)
Footnotes (1)
- [F1]Award of a nonqualified stock option (the "Option") of 150,000 shares at an exercise price of $4.51. The Option is a Performance Award under the Company's 2000 Incentive Plan. Vesting shall be determined solely on the basis of satisfaction of the performance criteria set on an annual basis by the Board of Directors. The first Performance period shall begin on January 1, 2016 and end of December 31, 2016. The final Performance period shall begin on January 1, 2020 and shall end on December 31, 2020.
Documents
Issuer
TOR MINERALS INTERNATIONAL INC
CIK 0000842295
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0000842295
Filing Metadata
- Form type
- 4
- Filed
- Apr 20, 8:00 PM ET
- Accepted
- Apr 21, 2:23 PM ET
- Size
- 5.8 KB