Staffing 360 Solutions, Inc. 4
4 · Staffing 360 Solutions, Inc. · Filed Jan 22, 2015
Insider Transaction Report
Form 4
Mitchell Jeff R.
Chief Financial Officer
Transactions
- Award
Common Stock, $0.00001 par value per share
2014-03-17+50,000→ 50,000 total - Purchase
Common Stock, $0.00001 par value per share
2014-07-17+10,000→ 60,000 total - Award
Options Pursuant to Employment Agreement
2014-06-01+120,000→ 120,000 totalExercise: $1.00From: 2015-03-17Exp: 2024-05-31→ Option (120,000 underlying) - Award
Options Pursuant to Employment Agreement
2014-06-01+30,000→ 30,000 totalExercise: $2.00From: 2014-06-01Exp: 2024-05-31→ Option (30,000 underlying)
Footnotes (3)
- [F1]These shares are awarded as part of an Employment Agreement.
- [F2]These shares were issued as additional consideration in connection with the issuance of a promissory note.
- [F3]These option were awarded on 06/01/14 as part of the Company's stock option plan. They vest as follows: i) 30,000 of the options vest immediately at an exercise price of $2.00 (see Row #1), and ii) 30,000 options vest each anniversary until an additional 120,000 options have vested at an exercise price of $1.00 (see Row #2). Each of the options are exercisable for a term of 10 years from the initial transaction date (ie: 06/01/2014)