Clevenger Jeffrey G 4
4 · Pershing Gold Corp. · Filed May 1, 2018
Insider Transaction Report
Form 4
Clevenger Jeffrey G
Director
Transactions
- Award
Restricted Stock Units
2018-04-29$2.02/sh+12,377$25,002→ 12,377 totalExercise: $0.00→ Common Stock (12,377 underlying)
Footnotes (2)
- [F1]The restricted stock units were granted pursuant to a Restricted Stock Unit Grant Agreement (the "Agreement") dated April 29, 2018.
- [F2]Pursuant to the agreement, 4,126 units vest on April 29, 2019, 4,126 units vest on April 29, 2020, and 4,125 units vest on April 29, 2021, 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.