Fischer Craig D. 4
4 · HEMISPHERE MEDIA GROUP, INC. · Filed Apr 11, 2013
Insider Transaction Report
Form 4
Fischer Craig D.
Chief Financial Officer
Transactions
- Award
EMPLOYEE STOCK OPTION (RIGHT TO BUY)
2013-04-09+300,000→ 300,000 totalExercise: $10.20Exp: 2023-04-09→ CLASS A COMMON STOCK (300,000 underlying) - Award
CLASS A COMMON STOCK
2013-04-10+250,000→ 250,000 total
Footnotes (2)
- [F1]The shares of Class A common stock, par value $0.0001 per share, are restricted securities and will vest as follows: subject to certain exceptions, 150,000 shares will vest in equal annual installments on each of the first three (3) anniversaries of April 4, 2013 (the "Effective Time"); 50,000 shares will vest upon the fair market value of Hemisphere Media Group, Inc.'s (the "Company") Class A common stock reaching or exceeding $12.50 per share on at least ten trading days (which need not be consecutive) following the Effective Time; and 50,000 shares will vest upon the fair market value of the Company's Class A common stock price reaching or exceeding $15.00 per share on at least ten trading days (which need not be consecutive) following the Effective Time.
- [F2]The employee stock options will vest as follows: subject to certain exceptions, 250,000 options will vest in equal annual installments on each of the first three (3) anniversaries of the Effective Time; 25,000 options will vest upon the fair market value of the Company's Class A common stock reaching or exceeding $12.50 per share on at least ten trading days (which need not be consecutive) following the Effective Time; and 25,000 shares will vest upon the fair market value of the Company's Class A common stock price reaching or exceeding $15.00 per share on at least ten trading days (which need not be consecutive) following the Effective Time.