Moccia Robert Joseph 4
4 · STRATA Skin Sciences, Inc. · Filed Apr 1, 2022
Insider Transaction Report
Form 4
Moccia Robert Joseph
DirectorPresident & CEO
Transactions
- Award
Employee Stock Option
2022-03-30+60,000→ 1,792,590 totalExercise: $1.45Exp: 2032-03-30→ Common Stock (60,000 underlying) - Award
Employee Stock Option
2022-03-30+100,000→ 1,732,590 totalExercise: $1.45Exp: 2032-03-30→ Common Stock (100,000 underlying)
Footnotes (2)
- [F1]1. Vesting of these options depends upon the Company's achievement of a specified net revenue in relation to the Company's budget over a 12-month period from January 1, 2022 through December 31, 2022. Each option represents a contingent right to receive one share of the Company's common stock at Target performance. The "Target" number of shares is reported. Possible payout ranges from 0% of Target if the Threshold goal is not met, 95% of Target if the Threshold is met but the Target goal is not met, 100% of Target if the Target goal is met but the Stretch goal is not met, and 105% of Target if the Stretch goal is met or exceeded. The options are otherwise subject to acceleration and cancellation in certain specified circumstances.
- [F2]2. Vesting of these options depends upon the Company's achievement of a specified five trading day volume weighted average per share price ending on December 31, 2022 in relation to the Company's budget target for December 31, 2022, subject to acceleration and cancellation in certain specified circumstances.