Parametric Sound Corp 4
4 · Parametric Sound Corp · Filed Jan 17, 2014
Insider Transaction Report
Form 4
Honore James L.
Director
Transactions
- Award
Stock Option (Right to Buy)
2014-01-15+5,000→ 5,000 totalExercise: $9.95From: 2014-01-15Exp: 2014-12-31→ Common Stock (5,000 underlying) - Award
Stock Option (Right to Buy)
2014-01-15+10,000→ 10,000 totalExercise: $4.25From: 2014-01-15Exp: 2014-12-31→ Common Stock (10,000 underlying) - Disposition to Issuer
Stock Option (Right to Buy)
2014-01-15−5,000→ 0 totalExercise: $9.95From: 2013-02-21Exp: 2018-02-21→ Common Stock (5,000 underlying) - Disposition to Issuer
Stock Option (Right to Buy)
2014-01-15−10,000→ 0 totalExercise: $4.25From: 2012-03-05Exp: 2017-03-05→ Common Stock (10,000 underlying)
Footnotes (2)
- [F1]The reporting person resigned as a director on January 15, 2014 in connection with the merger of Parametric with VTB Holdings, Inc., a Delaware corporation (Turtle Beach). The reported transaction involved an amendment of an outstanding option to extend the exercise period after resignation from three months (April 15, 2014) to December 31, 2014 resulting in a deemed cancellation of the old option and the grant of a replacement option. The old option was fully vested at January 15, 2014.
- [F2]The reported transaction involved an amendment of an outstanding option to accelerate vesting of the option and extend the exercise period after resignation from three months (April 15, 2014) to December 31, 2014 resulting in a deemed cancellation of the old option and the grant of a replacement option. The old option was 50% vested at January 15, 2014 resulting in acceleration as to the exercisability of 2,500 options.