Tunon Luis Jimenez 4
4 · PARETEUM Corp · Filed Dec 31, 2020
Insider Transaction Report
Form 4
PARETEUM CorpTEUM
Tunon Luis Jimenez
Director
Transactions
- Other
Common Stock
2020-12-30−71,057→ 670,170 total - Other
Common Stock
2020-12-30−350,000→ 1,041,227 total - Other
Common Stock
2020-12-30−300,000→ 741,227 total - Other
Option
2020-12-30+1,069,020→ 1,069,020 totalExercise: $0.55From: 2020-12-30Exp: 2025-12-30→ Common Stock (1,069,020 underlying)
Footnotes (4)
- [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 of 300,000 restricted shares of Company Common Stock (collectively, the "Grants"), 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 1,069,020 shares of Company Common Stock under the Plan.
- [F2]Represents the grant of shares of Company Common Stock on January 3, 2020, previously reported on June 12, 2020.
- [F3]Represents the Director Efforts Award grant of shares restricted of Company Common Stock on June 5, 2020, previously reported on June 12, 2020.
- [F4]As previously reported July 7, 2020, on July 3, 2020, the Company granted the Reporting Person 71,057 shares of Company Common Stock as compensation for board service in lieu of cash. Due to an administrative error, these shares were never delivered to the Reporting Person, and pursuant to the terms of the Agreement, the Company and the Reporting Person agreed to rescind the grant in exchange for a one-time cash payment.