Pershing Gold Corp. 4
4 · Pershing Gold Corp. · Filed Jun 11, 2015
Insider Transaction Report
Form 4
Branham Alan David
Director
Transactions
- Award
Restricted Stock Units
2015-06-09+100,000→ 100,000 totalExercise: $0.00→ Common Stock (100,000 underlying)
Footnotes (2)
- [F1]The Reporting Person received 100,000 restricted stock units pursuant to a Restricted Stock Unit Grant Agreement dated June 9, 2015.
- [F2]Pursuant to the agreement, 33,333 units vest on June 9, 2016, 33,333 units vest on June 9, 2017, and 33,334 units vest on June 9, 2018, subject to acceleration upon the Reporting Person's termination of service on the Issuer's board of directors under certain circumstances set forth in the Agreement or upon a change of control (as defined in the Issuer's 2013 Equity Incentive Plan) of the Issuer. For each vested restricted stock unit, the Reporting Person will be entitled to receive one share of common stock upon termination of service on the Issuer's board of directors or in connection with a change of control or under certain other circumstances, all as set forth in the Agreement.