Yannamani Suresh 4
4 · Exela Technologies, Inc. · Filed Sep 5, 2018
Insider Transaction Report
Form 4
Yannamani Suresh
President, Americas
Transactions
- Award
Restricted Stock Unit
2018-08-31+74,000→ 74,000 total→ Common Stock (74,000 underlying) - Award
Stock Option (right to buy)
2018-08-31+111,000→ 111,000 totalExercise: $5.98Exp: 2028-08-31→ Common Stock (111,000 underlying)
Footnotes (3)
- [F1]Each restricted stock unit represents the right to receive, following vesting, one share of Common Stock.
- [F2]This award will vest in full on August 31, 2019.
- [F3]Forty percent of the options will vest and become exercisable on August 31, 2020 and the remainder will vest and become exercisable on August 31, 2022. Mr. Yannamani owns 1,129 units of Ex-Sigma LLC, which is the majority owner of Exela Technologies, Inc. (the "Issuer"). Mr. Yannamani does not have voting or dispositive power over any of the shares of the Issuer held by Ex-Sigma LLC, Mr. Yannamani does not have beneficial ownership under Rule 13d-3 of any shares of the Issuer. This report shall not be deemed an admission that Mr. Yannamani is the beneficial owner of, or has any pecuniary interest in, such securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.