Steenvoorden Lawrence J. 4
4 · CHEMBIO DIAGNOSTICS, INC. · Filed Jan 6, 2022
Insider Transaction Report
Form 4
Steenvoorden Lawrence J.
See remarks
Transactions
- Award
Restricted stock units
2022-01-05+160,714→ 160,714 total→ Common stock (160,714 underlying) - Award
Nonqualified stock options
2022-01-05+300,000→ 300,000 totalExercise: $1.12Exp: 2029-01-05→ Common stock (300,000 underlying)
Footnotes (3)
- [F1]Each restricted stock unit represents a contingent right to receive one share of Common Stock
- [F2]The restricted stock units are scheduled to vest in three equal installments on January 5, 2023, 2024 and 2025, provided they shall vest in full immediately prior to (a) the issuer's termination of the reporting person employment without Cause, the reporting person's termination of his employment for Good Reason or the expiration of the Term upon notice of nonrenewal delivered by the Company, in each case within twelve months following a Change in Control, or (b) the reporting person's death or Permanent Disability (each such capitalized term as defined in the employment agreement between the issuer and the reporting person).
- [F3]The nonqualified stock options are scheduled to vest in four equal installments on January 5, 2023, 2024, 2025 and 2026, provided they shall vest in full immediately prior to (a) the issuer's termination of the reporting person's employment without Cause, the reporting person's termination of his employment for Good Reason or the expiration of the Term upon notice of nonrenewal delivered by the Company, in each case within twelve months following a Change in Control, or (b) the reporting person's death or Permanent Disability (each such capitalized term as defined in the employment agreement between the issuer and the reporting person).