Schad Ronald 4
4 · Essex Rental Corp. · Filed Jan 19, 2011
Insider Transaction Report
Form 4
Schad Ronald
DirectorCEO & President
Transactions
- Award
Option (right to buy)
2011-01-14+64,717→ 64,717 totalExercise: $5.58Exp: 2021-01-14→ Common Stock, par value $.0001 per share (64,717 underlying) - Award
Option (right to buy)
2011-01-14+189,533→ 189,533 totalExercise: $5.58Exp: 2021-01-14→ Common Stock, par value $.0001 per share (189,533 underlying)
Footnotes (2)
- [F1]The Reporting Person's options were granted pursuant to the Hyde Park Acquisition Corp. 2008 Long-Term Incentive Plan and will vest and become exercisable as follows: one-third (1/3) of such options will vest and become exercisable on each of January 1, 2012, January 1, 2013 and January 1, 2014, provided that the Reporting Person is employed by or performing services for Essex Rental Corp. (formerly Hyde Park Acquisition Corp.) and/or one of its subsidiaries at the time of the applicable vesting date.
- [F2]The Reporting Person's options were granted under the authority of the Compensation Committee of the Board of Directors and will vest as follows: one-third (1/3) of such options will vest and become exercisable on each of January 1, 2012, January 1, 2013 and January 1, 2014, provided that the Reporting Person is employed by or performing services for Essex Rental Corp. (formerly Hyde Park Acquisition Corp.) and/or one of its subsidiaries at the time of the applicable vesting date. The exercise of these options is subject to approval by the stockholders of the Company of a new or amended long-term incentive plan providing for the issuance of at least 107,861 shares of Common Stock.