Lippert Robert Lee 4
4 · PARETEUM Corp · Filed Dec 31, 2020
Insider Transaction Report
Form 4
PARETEUM CorpTEUM
Lippert Robert Lee
Director
Transactions
- Other
Common Stock
2020-12-30−300,000→ 16,967 total - Other
Common Stock
2020-12-30−159,020→ 666,967 total - Other
Option
2020-12-30+1,577,248→ 1,577,248 totalExercise: $0.55From: 2020-12-30Exp: 2025-12-30→ Common Stock (1,577,248 underlying) - Other
Common Stock
2020-12-30−150,000→ 825,987 total - Other
Common Stock
2020-12-30−350,000→ 316,967 total - Other
Option
2020-01-01−100,000→ 0 totalExercise: $0.46From: 2020-01-01Exp: 2025-01-01→ Common Stock (100,000 underlying)
Footnotes (6)
- [F1]On December 30, 2020, Pareteum Corporation (the "Company") entered into a Director 2020 Equity Awards Cancellation Agreement (the "Agreement") with the Reporting Person. Pursuant to the terms of the Agreement, the Company and the Reporting Person agreed to rescind the awards of 350,000 shares of Company Common Stock and an aggregate of 609,020 restricted shares of Company Common Stock (collectively, the "Grants"), all initially granted to the Reporting Person under the Pareteum Corporation 2018 Long-Term Incentive Plan (the "Plan"). In consideration for the rescission of the Grants, the Company granted the Reporting Person the option to purchase 1,577,248 shares of Company Common Stock under the Plan.
- [F2]Represents the grant of restricted shares of Company Common Stock on January 1, 2020, previously reported on January 22, 2020, which replaced the previously issued option to purchase 100,000 shares of Company Common Stock that was cancelled simultaneously at the time of the grant.
- [F3]Represents the grant of restricted shares of Company Common Stock as compensation for board service in lieu of cash on February 3, 2020, previously reported on June 12, 2020.
- [F4]Represents the grant of restricted shares of Company Common Stock as compensation for board service in lieu of cash on February 3, 2020, previously reported on June 12, 2020.
- [F5]Represents the Director Efforts Award grant of shares restricted of Company Common Stock on June 5, 2020, previously reported on June 12, 2020.
- [F6]The exercise price for the January 2, 2019 option grant previously reported on May 17, 2019 was incorrectly reported as $1.724.