4//SEC Filing
FAIRFIELD THOMAS L 4
Accession 0000896595-18-000017
CIK 0000933136other
Filed
Jul 30, 8:00 PM ET
Accepted
Jul 31, 6:12 PM ET
Size
8.0 KB
Accession
0000896595-18-000017
Insider Transaction Report
Form 4
WMIH CORP.WMIH
FAIRFIELD THOMAS L
DirectorSee Remarks
Transactions
- Tax Payment
Common Stock
2018-07-31$1.42/sh−1,000,000$1,420,000→ 1,285,714 total - Award
Common Stock
2018-07-30$1.42/sh+507,936$721,269→ 2,285,714 total
Footnotes (3)
- [F1]This restricted stock award was issued pursuant to a Restricted Stock Agreement, dated as of July 30, 2018, between WMHI Corp. (the "Company") and Mr. Fairfield that was entered into in connection with that certain Employment Agreement (as amended, the "Employment Agreement"), dated as of May 15, 2015, between the Company and Mr. Fairfield, to increase the award of restricted stock pursuant to the Employment Agreement, to take into account the decrease to the Series B Preferred Stock conversion price pursuant to an amendment to the Series B Preferred Stock. The restricted stock award will vest in full upon the consummation of a Qualifying Acquisition (as defined in the Employment Agreement), subject to Mr. Fairfield's continued employment with the Company until such time.
- [F2](Continued from Footnote 1) However, if the Company consummates a Qualifying Acquisition within six months following a termination of Mr. Fairfield's employment by the Company without Cause (as defined in the Employment Agreement), due to Mr. Fairfield's resignation for Good Reason (as defined in the Employment Agreement) or as a result of Mr. Fairfield's death, disability or the expiration of the Employment Period (as defined in the Employment Agreement), then the restricted shares will vest at the time of the consummation of the Qualifying Acquisition.
- [F3]This restricted stock award has an initial value of $1.42 per share.
Documents
Issuer
WMIH CORP.
CIK 0000933136
Entity typeother
Related Parties
1- filerCIK 0001642744
Filing Metadata
- Form type
- 4
- Filed
- Jul 30, 8:00 PM ET
- Accepted
- Jul 31, 6:12 PM ET
- Size
- 8.0 KB