PERCEPTRON INC/MI 4
4 · PERCEPTRON INC/MI · Filed Sep 6, 2016
Insider Transaction Report
Form 4
BRYANT JOHN F.
Director
Transactions
- Award
Director Stock Option (Right to Buy)
2016-09-01+8,000→ 8,000 totalExercise: $6.46→ Common Stock, $0.01 par value (8,000 underlying)
Footnotes (2)
- [F1]On September 1, 2016, the reporting person was granted an option to purchase 8,000 shares of Common Stock under the issuer's First Amended and Restated 2004 Stock Incentive Plan. The options have a three-year vesting schedule whereby one-third of the options vest and are exercisable on or after September 1, 2017, one-third of the options vest and are exercisable on or after September 1, 2018, and the final one-third of the options vest and are exercisable on or after September 1, 2019, subject to accelerated vesting upon the occurrence of certain changes in control of the issuer.
- [F2]The options are exercisable for a period of ten years from September 1, 2016, the date of the grant, unless earlier terminated due to the termination of the reporting person's service as a director of the issuer.