Fiesta Restaurant Group, Inc. 4
4 · Fiesta Restaurant Group, Inc. · Filed Jun 9, 2017
Insider Transaction Report
Form 4
Stockinger Richard C.
CEO and President
Transactions
- Award
Performance Rights
2017-06-02+72,290→ 72,290 total→ Common Stock (72,290 underlying)
Footnotes (2)
- [F1]Each performance right represents a contingent right to receive one share of the Issuer's common stock. The performance rights vest as follows: (i) 25% vests on March 6, 2018 upon the Issuer's common stock achieving a closing market price at or above $25.00 for 20 consecutive trading days at any point during the period between March 6, 2017 and March 6, 2018, (ii) 25% vests on March 6, 2019 upon the Issuer's common stock achieving a closing market price at or above $30.00 for 20 consecutive trading days at any point during the period between March 6, 2018 and March 6, 2019, (iii) 25% vests on March 6, 2020 upon the Issuer's common stock achieving a closing market price at or above $35.00 for 20 consecutive trading days at any point during the period between March 6, 2019 and March 6, 2020,
- [F2](Continued from footnote 1) (iv) 25% vests on March 6, 2021 upon the Issuer's common stock achieving a closing market price at or above $40.00 for 20 consecutive trading days at any point during the period between March 6, 2020 and March 6, 2021 and (v) the employment of the Reporting Person by the Issuer on the applicable vesting date. If the Issuer common stock target price above for any performance period is not met, any unvested shares of the Issuer's common stock will be rolled over to the subsequent performance period on a pro rata basis and subject to the Issuer common stock target price for such subsequent performance period.