Cartesian, Inc. 4
4 · Cartesian, Inc. · Filed Sep 30, 2016
Insider Transaction Report
Form 4
Cartesian, Inc.CRTN
FERRARA JOHN C
Chief Financial Officer
Transactions
- Award
Stock Option (right to buy)
2016-09-28+50,000→ 50,000 totalExercise: $1.25Exp: 2026-09-28→ Common Stock (50,000 underlying)
Footnotes (2)
- [F1]The exercise price was determined to be the greater price on the date of grant.
- [F2]The option will vest (a) with respect to 16,666 shares if at any time the closing market price of the Company's common stock on each day during a thirty (30) consecutive trading day period equals or exceeds $4.00 per share; (b) with respect to an additional 16,666 shares if at any time the closing market price of the Company's common stock on each day during a thirty (30) consecutive trading day period equals or exceeds $5.00 per share; and (c) with respect to an additional 16,667 shares if at any time the closing market price of the Company's common stock on each during a thirty (30) consecutive trading day period equals or exceeds $6.00 per share.