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
Common Stock
2017-11-17+1,500,000→ 1,303,472 total
Footnotes (2)
- [F1]This Amendment is being filed solely for the purpose of providing updated vesting terms.
- [F2]Represents a restricted stock award (the "Restricted Stock Award") under the Pareteum Corp. 2017 Long-Term Incentive Compensation Plan, of which two-thirds shall vest on the date of grant and one-third shall vest in 12 equal monthly installments over a one year period, beginning on the one month anniversary of the date of grant. 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 Restricted Stock Award were amended to provide further that the Restricted Stock Award 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.