1347 Property Insurance Holdings, Inc. 4
4 · 1347 Property Insurance Holdings, Inc. · Filed Jun 2, 2015
Insider Transaction Report
Form 4
Stroud Dean
VP of OperationsOther
Transactions
- Award
Restricted Stock Units
2015-05-29+4,000→ 4,000 total→ Common Stock (4,000 underlying)
Footnotes (2)
- [F1]Each restricted stock unit represents a contingent right to receive one share of the Company's common stock.
- [F2]50% of the shares of common stock will be issued following the date that the closing price of the Company's common stock on the NASDAQ or any other national securities exchange on which the common stock is traded equals or exceeds $10.00 per share and 50% of the shares of common stock will be issued following the date that the closing price of the Company's common stock on the NASDAQ or any other national securities exchange on which the common stock is traded equals or exceeds $12.00 per share.