Sizmek Inc. 4
4 · Sizmek Inc. · Filed Feb 29, 2016
Insider Transaction Report
Form 4
Sizmek Inc.SZMK
Nguyen Neil
DirectorCEO & President & Director
Transactions
- Exercise/Conversion
Common Stock
2016-02-26+5,402→ 752,433 total - Award
Restricted Stock Units
2016-02-26+120,743→ 272,229 total→ Common Stock (120,743 underlying) - Award
Restricted Stock Units
2016-02-26+281,734→ 553,963 total→ Common Stock (281,734 underlying)
Footnotes (6)
- [F1]Each restricted stock unit (RSU) represents a contingent right to receive one share of the issuer's common stock.
- [F2]The RSUs vest in three equal annual installments beginning February 26, 2017, subject to the Reporting Person's continued service with Sizmek through the applicable vesting date, provided that the restricted stock units are subject to accelerated vesting under certain circumstances. Distribution of the underlying shares may, however, be deferred based upon a deferral election by the Reporting Person.
- [F3]The RSUs vest in three equal annual installments beginning February 26, 2017, based on the achievement of certain corporate performance objectives during the year ending December 31, 2016, subject to the Reporting Person's continued service through the applicable vesting date, provided that the restricted stock units are subject to accelerated vesting under certain circumstances. Distribution of the underlying shares may, however, be deferred based upon a deferral election by the Reporting Person.
- [F4]Shares issued upon vesting of RSUs granted to the Reporting Person on March 2, 2015.
- [F5]RSUs were granted to the Reporting Person pursuant to the issuer's 2014 Incentive Award Plan. Each RSU represents a contingent right to receive one share of the issuer's common stock.
- [F6]40,229 RSUs previously granted were forfeited due to not achieving 100% of the issuer's target performance objectives for the period ended December 31, 2015.