Turner Robert Harold 4/A
4/A · PARETEUM Corp · Filed Jun 11, 2018
Insider Transaction Report
Form 4/AAmended
PARETEUM CorpTEUM
Turner Robert Harold
Director
Transactions
- Award
Options to Purchase Common Stock
2016-11-18+300,000→ 300,000 totalExercise: $3.50From: 2016-11-18Exp: 2023-11-18→ Common Stock (300,000 underlying)
Footnotes (2)
- [F1]This Amendment is being filed solely for the purpose of providing updated vesting terms.
- [F2]The options (the "Options") were issued pursuant to the Company's Amended and Restated 2008 Long-Term Incentive Compensation Plan and shall vest and become exercisable over a period of three (3) years, with 1/4 vesting immediately, and the remaining shares vesting in three equal yearly installments. On June 6, 2018, the Issuer and Reporting Person entered into an amendment to that certain employment agreement between the parties pursuant to which the vesting terms of the Options were amended to provide further that the Options shall become fully vested and exercisable on the first trading day of the calendar quarter following a "Change of Control or Triggering Event." On June 7, 2018, a "Change of Control or Triggering Event" occurred when the Issuer tendered a binding offer to merge, or acquire all or substantially all of the assets or a controlling portion (which may be less than 50%) of the equity of another company.