Hostess Brands, Inc. 4
4 · Hostess Brands, Inc. · Filed Mar 27, 2017
Insider Transaction Report
Form 4
Peterson Thomas Alan
See Remarks
Transactions
- Award
Stock Options
2017-03-23+96,247→ 96,247 totalExercise: $15.78Exp: 2027-03-22→ Class A Common Stock (96,247 underlying) - Award
Restricted Stock Units
2017-03-23+95,000→ 95,000 total
Footnotes (2)
- [F1]Consists of a grant of restricted stock units. Each restricted stock unit represents the right to receive a share of Class A Common Stock, par value $0.0001 per share ("Class A Common Stock") of Hostess Brands, Inc. (the "Company"), upon vesting. Such restricted stock units shall vest in equal or nearly equal installments on each of January 1, 2018, November 4, 2018 and November 4, 2019 (a "Vesting Date"), assuming continued employment through the applicable Vesting Date. Notwithstanding the foregoing, no installment will vest on a Vesting Date if the Company's earnings per share as reported to investors for the fiscal year ending immediately prior to such Vesting Date is not positive.
- [F2]Consists of a grant of options to purchase shares of Class A Common Stock. Such options are subject to vesting in equal or nearly equal installments on November 4 of each of 2017, 2018, 2019 and 2020 (an "Option Vesting Date"), assuming continued employment through the applicable Option Vesting Date.