Eliason James 4
4 · DATAWATCH CORP · Filed Dec 5, 2017
Insider Transaction Report
Form 4
DATAWATCH CORPDWCH
Eliason James
Chief Financial Officer
Transactions
- Award
Common Stock
2017-12-01+35,000→ 131,762 total - Award
Common Stock
2017-12-01+5,000→ 136,762 total
Footnotes (2)
- [F1]The securities awarded on 12/1/2017 are in the form of restricted stock units (RSUs) issued pursuant to the Datawatch Third Amended and Restated 2011 Equity Compensation and Incentive Plan (the "Plan"). 11,666 RSUs will vest on 5/1/2019 and an additional 11,666 RSUs will vest on 5/1/2020, with the final 11,667 RSUs vesting on 5/1/2021. This vesting schedule is subject to acceleration in certain instances in connection with an acquisition or other change of control event.
- [F2]The securities awarded on 12/1/2017 are in the form of RSUs issued pursuant to the Plan. 1,666 RSUs will vest on 11/15/2018 following Datawatch's release of its fiscal 2018 earnings only if Datawatch achieves its revenue target for fiscal year 2018 as determined by the Board of Directors of Datawatch. If Datawatch achieves its annual revenue target during fiscal 2018, then (i) an additional 1,666 RSUs will vest on 11/15/2019 and (ii) the final 1,667 RSUs will vest on 11/15/2020. This vesting schedule is subject to acceleration in certain instances in connection with an acquisition or other change of control event.