ELEPHANT TALK COMMUNICATIONS CORP 4
4 · ELEPHANT TALK COMMUNICATIONS CORP · Filed Oct 8, 2015
Insider Transaction Report
Form 4
Nije Mark
Chief Financial Officer
Transactions
- Award
Common Stock
2015-10-06+30,714→ 108,756 total(indirect: See Footnote)
Footnotes (1)
- [F1]The shares of Common Stock were issued to LMI Europe BV, of which the Reporting Person has 100% ownership, pursuant to the Issuer's Amended and Restated 2008 Long-Term Incentive Compensation Plan, as amended, in respect of Q3 2015 service as a non-employee officer. The grant for Q3 2015 service represented a value of US $8,352.00. The number of shares issued for each month during the quarter was determined based on the average closing price of the Common Stock for the 10 trading days prior to the close of each month of the quarter, discounted by 25%.