Pershing Gold Corp. 4
4 · Pershing Gold Corp. · Filed Jun 28, 2016
Insider Transaction Report
Form 4
Barr Douglass Scott
Director
Transactions
- Award
Restricted Stock Units
2016-06-24+5,995→ 5,995 totalExercise: $0.00→ Common Stock (5,995 underlying)
Footnotes (2)
- [F1]The Reporting Person received 5,995 restricted stock units pursuant to a Restricted Stock Unit Grant Agreement (the "Agreement") dated June 24, 2016.
- [F2]Pursuant to the agreement, 1,999 units vest on June 24, 2017, 1,998 units vest on June 24, 2018, and 1,998 units vest on June 24, 2019, 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.