RiceBran Technologies 4
4 · RiceBran Technologies · Filed Jun 28, 2017
Insider Transaction Report
Form 4
Goose Michael
President Ingrdnt Sales & Mktg
Transactions
- Award
Restricted Stock Units
2017-06-28+425,000→ 425,000 total→ Common Stock (425,000 underlying)
Footnotes (2)
- [F1]Each restricted stock unit (RSU) represents a contingent right to receive one share of common stock.
- [F2]The shares subject to RSU vest based upon a vesting price equal to the volume weighted average trading price of our common stock over sixty-five consecutive trading days. The RSU shares would vest (i) 10% if the vesting price equals or exceeds $5.00 per share, (ii) 30% if the vesting price equals or exceeds $10.00 per share and (iii) 60% if the vesting price equals or exceeds $15.00 per share. The shares covered by the RSU would be issued following vesting as provided in the 2014 Equity Incentive Plan and RSU agreement.