4/A//SEC Filing
Travers Paul J 4/A
Accession 0001104659-25-002057
CIK 0001463972other
Filed
Jan 7, 7:00 PM ET
Accepted
Jan 8, 4:33 PM ET
Size
8.7 KB
Accession
0001104659-25-002057
Insider Transaction Report
Form 4/AAmended
Vuzix CorpVUZI
Travers Paul J
DirectorPresident and CEO10% Owner
Transactions
- Award
Restricted Stock Unit
2025-01-02+291,878→ 291,878 total→ Common Stock (291,878 underlying) - Other
Options (Right to Buy)
2025-01-02−3,010,000→ 250,000 totalExercise: $19.00From: 2021-03-17Exp: 2031-03-17→ Common Stock (3,260,000 underlying)
Footnotes (3)
- [F1]Each Restricted Stock Unit ("RSU"s) represents the contingent right to receive one share of common stock.
- [F2]The RSUs and cancellation of the unvested options are subject to shareholder approval to be obtained at the Company's 2025 shareholder meeting. Upon and subject to such shareholder approval, the grant of the RSUs will be effective and the unvested options issued to the Reporting Person on March 17, 2021 will simultaneously terminate. Subject to the foregoing, 50% (145,939) of the RSUs will vest in 3 years from the date of grant, and the remaining 50% (145,939) will vest solely upon achievement of certain performance results goals and not simply the passage of time. This remaining 50% may increase to up to 125% of such amount (182,424 RSUs) subject to achievement of certain results.
- [F3]250,000 options vested immediately, and the remaining 3,010,000 options were to vest solely upon achievement of certain market capitalization and operating results goals and not simply the passage of time. As set forth in footnote (2) above, the unvested options will terminate subject to and upon shareholder approval.
Documents
Issuer
Vuzix Corp
CIK 0001463972
Entity typeother
Related Parties
1- filerCIK 0001475077
Filing Metadata
- Form type
- 4/A
- Filed
- Jan 7, 7:00 PM ET
- Accepted
- Jan 8, 4:33 PM ET
- Size
- 8.7 KB