4//SEC Filing
Novak Brent T 4
Accession 0001144204-18-019296
CIK 0001009829other
Filed
Apr 3, 8:00 PM ET
Accepted
Apr 4, 9:05 PM ET
Size
6.7 KB
Accession
0001144204-18-019296
Insider Transaction Report
Form 4
Novak Brent T
Chief Financial Officer
Transactions
- Award
Restricted Stock Unit ("RSU")
2018-04-01$2.10/sh+357,073$749,853→ 357,073 total→ Common Stock (357,073 underlying)
Footnotes (4)
- [F1]Issued under the Company's 2002 Stock Award and Incentive Plan and is subject to the terms of Agreement for Award of Restricted Stock Units between Issuer and Reporting Person. In accordance with such Agreement, securities so issued will have no voting rights and may not be sold, mortgaged, pledged, transferred or otherwise encumbered prior to vesting.
- [F2]142,857 of RSUs will be subject to three year "cliff vesting" (i.e. vesting is based upon performance at the close of the three year performance period), with vesting of each annual grant of RSUs determined by the following performance measures: (i) Total shareholder return as compared to the Russell 2000 Index (weighted 50%); (ii) Net revenue growth as compared to the Company's peer group (weighted 25%), and (iii) EBITDA growth as compared to the Company's peer group (weighted 25%). 214,286 of RSUs will vest in 3 equal annual installments commencing on the first anniversary of the date of grant and on the second and third anniversaries thereafter. The Reporting Person must be employed by Issuer for an RSU to vest.
- [F3]Represents the closing price of the Company's common stock for the trading day preceding the date of grant, as reported by NASDAQ.
- [F4]Certain of these shares may be restricted from transfer pursuant to the minimum stock ownership provisions adopted by the Company's Board of Directors.
Documents
Issuer
JAKKS PACIFIC INC
CIK 0001009829
Entity typeother
Related Parties
1- filerCIK 0001602025
Filing Metadata
- Form type
- 4
- Filed
- Apr 3, 8:00 PM ET
- Accepted
- Apr 4, 9:05 PM ET
- Size
- 6.7 KB