GRANDPARENTS.COM, INC. 4
4 · GRANDPARENTS.COM, INC. · Filed Jul 2, 2014
Insider Transaction Report
Form 4
GRANDPARENTS.COM, INC.GPCM.OB
Latifullah Riaz
Chief Financial Officer
Transactions
- Award
Stock Option (right to buy)
2014-07-01+5,000,000→ 5,000,000 totalExercise: $0.34Exp: 2019-07-01→ Common Stock (5,000,000 underlying)
Footnotes (1)
- [F1]Pursuant to the terms of the reporting person's Executive Employment Agreement with the issuer, dated as of July 1, 2014 (the "Employment Agreement"), the reporting person was granted an option (the "Option") to purchase an aggregate of 5,000,000 shares of the issuer's common stock. The Option was granted to the reporting person pursuant to the issuer's Amended and Restated 2012 Stock Incentive Plan. The Option will vest with respect to 500,000 shares of the issuer's common stock on December 31, 2014. Commencing on December 31, 2015, the remaining unvested portion of the Option will vest in four (4) equal annual installments, subject to the attainment of certain performance criteria as defined in the Employment Agreement. Vesting of the Option is also subject to the continued employment of the reporting person as of the applicable vesting date.