MAGICJACK VOCALTEC LTD 4
4 · MAGICJACK VOCALTEC LTD · Filed Jan 20, 2017
Insider Transaction Report
Form 4
Gordo Jose
CFO
Transactions
- Tax Payment
Common Stock
2017-01-18$6.85/sh−18,365$125,800→ 243,562 total
Holdings
- 499,307
Employee Stock Option
Exercise: $9.33Exp: 2020-12-01→ Common Stock (499,307 underlying) - 296,031
Employee Stock Option
Exercise: $17.63Exp: 2018-07-02→ Common Stock (296,031 underlying)
Footnotes (5)
- [F1]These shares were surrendered by the reporting person in order to satisfy the reporting person's tax withholding obligation upon the vesting and issuance of restricted stock.
- [F2]The number of shares to be withheld was determined on January 18, 2017 using the closing price on December 30, 2016, the business day immediately preceding the vesting date of December 31, 2016.
- [F3]This amount includes 80,041 shares of restricted stock that have vested as of the filing date, net of the shares surrendered for tax withholding purposes. This amount also includes 34,904 shares of restricted stock that are subject to vesting if the stock achieves a market value equal to or greater than $16.29 per share over a five-day average. This amount also includes 128,617 shares of restricted stock that vest in equal annual increments on December 31, 2017 and December 31, 2018.
- [F4]Options vest and become exercisable in one-third annual cumulative increments beginning December 31, 2016.
- [F5]Options have vested and are currently exercisable.