Pershing Gold Corp. 4
4 · Pershing Gold Corp. · Filed Jun 29, 2015
Insider Transaction Report
Form 4
Pershing Gold Corp.PGLCD
Alfers Stephen D.
DirectorCEO and President
Transactions
- Award
Restricted Stock Units
2015-06-28+400,000→ 400,000 totalExercise: $0.00→ Common Stock (400,000 underlying) - Award
Restricted Stock Units
2015-06-28+300,000→ 300,000 totalExercise: $0.00→ Common Stock (300,000 underlying)
Footnotes (3)
- [F1]The Reporting Person received the reported restricted stock units pursuant to a Restricted Stock Unit Grant Agreement dated June 28, 2015 (the "Agreement").
- [F2]Restricted stock units are subject to vesting upon the Reporting Person's continuous employment through December 31, 2018 and subject to acceleration of vesting upon the Reporting Person's termination of employment under certain circumstances set forth in the Agreement or upon a Change in Control (as defined in the Issuer's 2013 Equity Incentive Plan) of the Issuer. For each fully vested restricted stock unit, the Reporting Person will be entitled to receive one share of common stock upon vesting of such restricted stock units.
- [F3]Restricted stock units are subject to vesting upon the attainment of certain performance-based milestones set forth in the Agreement and subject to acceleration of vesting upon a Change in Control. For each fully vested restricted stock unit, the Reporting Person will be entitled to receive one share of common stock upon the earlier of December 31, 2018 or the Reporting Person's separation from service, death, or a certain change in control of the Issuer, all as set forth in the Agreement.