ENVIRONMENTAL SOLUTIONS WORLDWIDE INC 4
4 · ENVIRONMENTAL SOLUTIONS WORLDWIDE INC · Filed Dec 30, 2014
Insider Transaction Report
Form 4
HANNAN JOHN J
DirectorOther
Transactions
- Other
Restricted Common Stock, par value $0.001
2014-04-01$50.00/sh+101$5,050→ 2,418 total - Award
Restricted Common Stock, par value $0.001
2014-12-29$80.00/sh+500$40,000→ 2,918 total
Footnotes (4)
- [F1]1. Represents the second interest payment in respect of the 10% Senior Secured Convertible Promissory Notes held by the Reporting Person, which the Company elected to pay in common stock pursuant to the terms of such Note. The $50 price reflects the average 20 day trailing closing price of the Company's common stock as quoted on the OTCQB prior to and including April 1, 2014. No cash consideration was paid for the shares.
- [F2]2. Includes 2,317 shares of common stock previously reported of which 333 shares vest on December 31, 2014 and 166 shares vest on December 31, 2015.
- [F3]3. Granted under the Company's 2013 Stock Incentive Plan (the "Plan") in connection with service by the Reporting Person on the Company's board of directors. Grant deemed effective as of the date the Reporting Person enters into a Restricted Stock Grant Agreement with the issuer. The $80 price reflects the greater of (I) the average 20 day trailing closing price of the Company's common stock as quoted on the OTCQB prior to and including December 29, 2014 and (ii) $80. No cash consideration was paid for the shares.
- [F4]4. Restricted shares issued under the Plan of which 167 shares vest on each date December 31, 2014 and December 31, 2015 and 166 shares vest on December 31, 2016.