INVENTURE FOODS, INC. 4
4 · INVENTURE FOODS, INC. · Filed May 24, 2017
Insider Transaction Report
Form 4
HAMMER DANIEL W.
SVP GM - Frozen Division
Transactions
- Exercise/Conversion
Common Stock
2017-05-20+3,215→ 32,397 total - Tax Payment
Common Stock
2017-05-20$4.22/sh−1,014$4,279→ 31,383 total - Exercise/Conversion
Restricted Stock Units
2017-05-20−3,215→ 3,215 total→ Common Stock (3,215 underlying) - Award
Restricted Stock Unit
2017-05-19+19,600→ 19,600 total→ Common Stock (19,600 underlying)
Footnotes (4)
- [F1]Restricted stock units convert into Inventure Foods, Inc. common stock on a one-for-one basis, or at the issuer's option, a cash payment equal to the fair market value of such shares.
- [F2]The restricted stock units vest in three (3) equal annual installments beginning May 19, 2018. Vested shares will be delivered to the reporting person on the date that the restricted stock units become vested and nonforfeitable or within sixty (60) days thereafter.
- [F3]On May 20, 2015, the reporting person was granted 9,646 restricted stock units, vesting in three (3) equal annual installments beginning May 20, 2016.
- [F4]Of the 3,215 restricted stock shares vesting on May 20, 2017 (see (3) above), 1,014 of these shares were withheld to pay the resulting tax liability.