WIRELESS TELECOM GROUP INC 4
4 · WIRELESS TELECOM GROUP INC · Filed Aug 21, 2013
Insider Transaction Report
Form 4
CENSULLO ROBERT
Chief Financial Officer
Transactions
- Award
Restricted Stock Performance Award
2013-08-19+11,000→ 11,000 totalExercise: $0.00Exp: 2023-08-19→ Common Stock (11,000 underlying) - Award
Stock Option
2013-08-19+100,000→ 100,000 totalExercise: $1.77Exp: 2023-08-19→ Common Stock (100,000 underlying)
Footnotes (2)
- [F1]The restricted stock will fully vest and become exercisable upon the date on which the Board of Directors (the "Board") of Wireless Telecom Group, Inc. (the "Issuer") shall have determined that certain performance milestones have been achieved by the Issuer or the date on which a "Change-of-Control" (as defined in the restricted stock award agreement dated August 19, 2013 (the "Restricted Stock Agreement")) of the Issuer is consummated, subject to certain restrictions set forth in the Restricted Stock Agreement.
- [F2]The options will fully vest and become exercisable upon the date on which the Board shall have determined that certain performance milestones have been achieved by the Issuer or the date on which a "Change-of-Control" (as defined in the stock option agreement dated August 19, 2013 (the "Option Agreement")) of the Issuer is consummated, subject to certain restrictions set forth in the Option Agreement.