Ross Robert 4
4 · Differential Brands Group Inc. · Filed Jan 30, 2018
Insider Transaction Report
Form 4
Ross Robert
Chief Financial Officer
Transactions
- Exercise/Conversion
Common Stock, par value $0.10 per share
2018-01-01+66,666→ 76,666 total - Tax Payment
Common Stock, par value $0.10 per share
2018-01-01$0.95/sh−27,253$25,890→ 49,413 total - Exercise/Conversion
Restricted Stock Units
2018-01-01−66,666→ 133,334 totalExercise: $0.00From: 2018-01-01Exp: 2018-01-01→ Common Stock, par value $0.10 per share (66,666 underlying)
Footnotes (3)
- [F1]The reporting person previously received a grant of shares of Restricted Stock Units ("RSUs") that represented a contingent right to receive one share of the Company's common stock pursuant to the Differential Brands Group Inc. 2016 Stock Incentive Plan (the "Plan") and previously reported on Table II of a Form 4. These RSUs vested in accordance with the terms of the applicable RSU agreement and the Plan.
- [F2]In accordance with the terms and conditions of the RSU agreement, and as permitted under the Plan, 1/3 of the shares vested and the Company withheld an equivalent amount of RSUs at fair market value to pay the minimum tax withholding requirements for the reporting person. There was no open market sale of common stock by the reporting person.
- [F3]The remaining restricted stock units will vest on January 1, 2019 and January 1, 2020, subject to Mr. Ross's continued employment through the applicable vesting dates.