CPI Card Group Inc. 4
4 · CPI Card Group Inc. · Filed Mar 24, 2017
Insider Transaction Report
Form 4
Bakke Chris
Vice President & Controller
Transactions
- Award
Stock Option (Right to Buy)
2017-03-22+23,110→ 23,110 totalExercise: $4.35Exp: 2027-03-22→ Common Stock (23,110 underlying) - Award
Cash Performance Units
2017-03-22+31,923→ 31,923 totalExp: 2020-03-22→ Common Stock (31,923 underlying) - Award
Restricted Stock Units
2017-03-22+3,560→ 3,560 total→ Common Stock (3,560 underlying)
Footnotes (4)
- [F1]One-third (1/3) of the original options awarded will vest on each of the first, second and third anniversaries of the March 22, 2017 award date.
- [F2]Each restricted stock unit represents the right to receive one CPI Card Group Inc. common share upon vesting of such restricted stock unit.
- [F3]The restricted stock units vest on the third anniversary of the March 22, 2017 award date.
- [F4]The cash performance units are performance-based awards that will settle in cash, in an amount between 50% and 200% of the target award value, based on the performance of the Company's stock price during each of three performance sub-periods (from the grant date through each of the first, second and third anniversaries of the grant date).