Kellar Kelli L 4
4 · AROTECH CORP · Filed Mar 12, 2019
Insider Transaction Report
Form 4
AROTECH CORPARTX
Kellar Kelli L
VP - Finance and CFO
Transactions
- Award
Restricted Stock Units
2019-03-08+36,000→ 36,000 totalExercise: $0.00From: 2018-03-08Exp: 2028-12-31→ Common Stock (36,000 underlying) - Exercise/Conversion
Common Stock
2019-03-11+20,041→ 20,041 total - Exercise/Conversion
Restricted Stock Units
2019-03-08−20,041→ 0 totalExercise: $0.00From: 2018-03-08Exp: 2028-12-31→ Common Stock (20,041 underlying)
Footnotes (5)
- [F1]Issuance of shares upon vesting of 31,200 out of 36,000 restricted stock units (20,041 net of taxes), with the remaining 4,800 unearned restricted stock units being cancelled.
- [F2]Does not include 36,000 unvested restricted stock units, the vesting of 24,000 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 20,041 shares of stock on 03/08/2019 due to vesting of 31,200 out of 36,000 restricted stock units (20,041 net of taxes), with the remaining 4,800 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.