4//SEC Filing
Walbrecht John 4
Accession 0001144204-19-001225
CIK 0000913277other
Filed
Jan 8, 7:00 PM ET
Accepted
Jan 9, 4:16 PM ET
Size
5.9 KB
Accession
0001144204-19-001225
Insider Transaction Report
Form 4
Clarus CorpCLAR
Walbrecht John
President
Transactions
- Award
Common Stock
2019-01-07+150,000→ 142,351 total
Footnotes (2)
- [F1]Comprised of a restricted stock award (the "RSA") granted under the Issuer's 2015 Stock Incentive Plan (the "Plan") consisting of 150,000 restricted shares of the Issuer's common stock, par value $0.0001 per share ("Common Stock").
- [F2]The RSA will vest as follows: (A) on or before January 7, 2024, the Fair Market Value (as defined in the Plan) of the Common Stock must equal or exceed $15.00 per share for twenty consecutive trading days (such 20th day being the "Price Trigger Date"); and (B) once the Price Trigger Date occurs, 37,500 shares of Common Stock shall vest on each of the first, second, third and fourth anniversary of the Price Trigger Date. In the event that the Reporting Person is not employed by the Issuer on or before the applicable Common Stock vesting date, all unvested shares of Common Stock shall expire and be forfeited. Upon the occurrence of the Price Trigger Date, any subsequent decrease in the Fair Market Value of the Common Stock shall have no impact on the vesting schedule described above.
Documents
Issuer
Clarus Corp
CIK 0000913277
Entity typeother
Related Parties
1- filerCIK 0001733610
Filing Metadata
- Form type
- 4
- Filed
- Jan 8, 7:00 PM ET
- Accepted
- Jan 9, 4:16 PM ET
- Size
- 5.9 KB