Krutty Dean M 4
4 · AROTECH CORP · Filed Mar 12, 2019
Insider Transaction Report
Form 4
AROTECH CORPARTX
Krutty Dean M
Exec VP-N Am Ops & Acting CEO
Transactions
- Exercise/Conversion
Common Stock
2019-03-08+43,333→ 167,305 total - Exercise/Conversion
Restricted Stock Units
2019-03-08−43,333→ 0 totalExercise: $0.00From: 2018-01-01Exp: 2027-12-31→ Common Stock (43,333 underlying) - Award
Restricted Stock Units
2019-03-08+65,000→ 65,000 totalExercise: $0.00From: 2019-03-08Exp: 2028-12-31→ Common Stock (65,000 underlying)
Footnotes (5)
- [F1]Issuance of shares upon vesting of 65,000 out of 75,000 restricted stock units (43,333 net of taxes), with the remaining 10,000 unearned restricted stock units being cancelled.
- [F2]Does not include 65,000 unvested restricted stock units, the vesting of 43,333 of which is subject to future performance criteria.
- [F3]Each restricted stock unit represents a contingent right to receive one share of common stock.
- [F4]Removal of restrictions and issuance of 43,333 shares of stock on 03/08/2019 due to vesting of 65,000 out of 75,000 restricted stock units (43,333 net of taxes), with the remaining 10,000 unearned restricted stock units being cancelled.
- [F5]Award of restricted stock units, vesting 1/3 on continued employment (1/9 vesting at the end of each year over three years) and 2/3 on multi-year performance criteria.