FITZPATRICK TIM 4
4 · Umami Sustainable Seafood Inc. · Filed Jul 19, 2012
Insider Transaction Report
Form 4
FITZPATRICK TIM
Chief Financial Officer
Transactions
- Award
Employee Stock Option (Right to Buy)
2012-01-05+875,000→ 875,000 totalExercise: $1.60Exp: 2017-01-04→ Common Stock (875,000 underlying) - Award
Restricted Stock Units
2012-07-01+500,000→ 500,000 total→ Common Stock (500,000 underlying)
Footnotes (2)
- [F1]Forty-five percent of the option is scheduled to vest in six substantially equal semi-annual installments, with the first such installment vesting on July 5, 2012, and the vesting of the remaining fifty-five percent of the option is subject to the occurrence of an equity offering of the issuer's securities as provided in the reporting person's employment agreement with the issuer, subject in each case to the reporting person's continued employment with the issuer through the vesting date.
- [F2]Each restricted stock unit represents a contingent right to receive, upon vesting, one share of the issuer's common stock. The vesting of the restricted stock units is subject to a performance condition within 18 months after the date of grant, subject to the reporting person's continued employment with the issuer through the date of its occurrence.