Ellwanger David 4
4 · IMAC Holdings, Inc. · Filed Jun 24, 2020
Insider Transaction Report
Form 4
Ellwanger David
Director
Transactions
- Award
Non-Qualified Stock Options
2020-01-24+10,000→ 10,000 totalExercise: $1.42Exp: 2030-01-24→ Common Stock (10,000 underlying) - Exercise/Conversion
Time-Based Restricted Stock Units
2020-05-21−10,000→ 10,000 total→ Common Stock (10,000 underlying) - Exercise/Conversion
Common Stock
2020-05-21+10,000→ 20,000 total
Footnotes (2)
- [F1]Represents time-based restricted stock units awarded by the Issuer, which vest over a period of three years in three equal installments, such one-third installments commenced on May 21, 2019 (the grant date of said securities), the second installment vested on May 21, 2020 and the remaining one-third vests on May 21, 2021 with full acceleration of vesting upon a change of control of the Issuer, and in accordance with the terms of the Issuer's 2018 Incentive Compensation Plan and the form of restricted stock unit agreement with respect to such award.
- [F2]Represents non-qualified stock options awarded by the Issuer, which all vest on January 24, 2021, with full acceleration of vesting upon a change of control of the Issuer, and in accordance with the terms of the Issuer's 2018 Incentive Compensation Plan and the form of non-qualified stock option agreement with respect to such award.