Riordan Michael Anthony 4
4 · FreightCar America, Inc. · Filed Jan 7, 2021
Insider Transaction Report
Form 4
Riordan Michael Anthony
VP Finance, CFO and Treasurer
Transactions
- Award
Employee Stock Option
2021-01-05+50,000→ 50,000 totalExercise: $2.38Exp: 2031-01-05→ Common stock (50,000 underlying)
Holdings
- 25,000
Employee Stock Appreciation Right
Exercise: $2.58Exp: 2030-11-30→ Common stock (25,000 underlying)
Footnotes (4)
- [F1]Exempt issuance of cash-settled stock options under Rule 16 b-3 pursuant to the Issuer's 2018 Long Term Incentive Plan. Each cash-settled stock optiion represents the right to receive a distribution in cash equal to the difference between the exercise price and the fair market value of a share of the Issuer's common stock on the date of exercise.
- [F2]34% of the shares subject to each cash-settled stock option will vest on the later of (i) the first anniversary of the Grant Date or (ii) the date that the thirty-day trailing average of the fair market value of a share of the Company's common stock is 133.3% or more of the exercise price per share; an additional 33% of the shares subject to each cash-settled stock option will vest on the later of (i) the second anniversary of the Grant Date or (ii) the date that the thirty-day trailing average of the fair market value of a share of the Company's common stock is 133.3% or more of the exercise price per share; and the final 33% of the shares subject to each cash-settled stock option will vest on the later of (i) the third anniversary of the Grant Date or (ii) the date that the thirty-day trailing average of the fair market value of a share of the Company's common stock is 133.3% or more of the exercise price per share.
- [F3]The cash-settled stock options were granted pursuant to the Issuer's 2018 Long Term Incentive Plan and no consideration was paid by the recipient for the cash-settled stock options.
- [F4]On November 30, 2020 the recipient was granted 25,000 cash-settled stock appreciation rights which will vest in three equal annual installments beginning on November 30, 2021.