Stecker Matthew 4
4 · EVOLVING SYSTEMS INC · Filed Jan 25, 2022
Insider Transaction Report
Form 4
Stecker Matthew
Director
Transactions
- Tax Payment
Common Stock
2022-01-21$0.00/sh−9,000$9→ 171,000 total - Award
Common Stock
2022-01-21$0.00/sh+150,000$150→ 180,000 total
Footnotes (3)
- [F1]This is a grant of restricted stock vesting over a three-year period, with one-third vesting on January 21, 2022; one-third vesting on January 21, 2023, and one-third vesting on January 21, 2024. The stock will vest immediately on a Change of Control of the company.
- [F2]Nominal consideration of par value ($0.001) per share was paid for the restricted stock.
- [F3]Represents the forfeiture of 9,000 performance-based restricted stock awards of 30,000 awards granted to the reporting person on March 11, 2017 that were eligible to vest based on certain financial performance objectives. Upon grant, the target vesting amount was reported in Table I of Form 4. On December 31, 2021, the Company determined that, based on the Company's performance over the applicable performance period, 21,000 stock awards would vest and 9,000 stock awards would be forfeited.