ELEPHANT TALK COMMUNICATIONS CORP 4
4 · ELEPHANT TALK COMMUNICATIONS CORP · Filed Apr 29, 2016
Insider Transaction Report
Form 4
Carroll Patrick M.
CEO of ValidSoft
Transactions
- Award
Common Stock
2016-04-29+115,686→ 911,911 total
Footnotes (1)
- [F1]The shares of Common Stock were issued to the reporting person pursuant to the Issuer's Amended and Restated 2008 Long-Term Incentive Compensation Plan, as amended, in respect of Q1 2016 service as an executive officer. The grant for Q1 2016 service represented a value of US $19,855.00. 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%.