Peak Resorts Inc 4
4 · Peak Resorts Inc · Filed Feb 8, 2016
Insider Transaction Report
Form 4
Peak Resorts IncSKIS
Braswell David W
Director
Transactions
- Award
Restricted Stock Units
2016-02-05+3,513→ 3,513 total→ Common Stock (3,513 underlying)
Footnotes (2)
- [F1]The restricted stock units ("RSUs") give the reporting person the right to receive (i) the number of shares of common stock underlying the RSUs or (ii) as may be elected by the compensation committee, cash equal to the closing sale price per share of common stock on the trading day immediately prior to the distribution date times the number of shares underlying the RSUs.
- [F2]The RSUs will vest in full one year from the date of grant provided that the reporting person is serving on the board of directors at that time. Vested RSUs will be distributed to the reporting person on the date that is six months after the day the reporting person's service on the board of directors terminates for any reason.