Liberty Tax, Inc. 4
4 · Liberty Tax, Inc. · Filed Dec 13, 2016
Insider Transaction Report
Form 4
HEWITT JOHN T
DirectorChief Executive Officer/Pres.10% Owner
Transactions
- Award
Employee Stock Options (Right to Buy)
2016-12-09$12.60/sh+336,914$4,245,116→ 336,914 totalExercise: $12.60→ Class A Common Stock (336,914 underlying) - Award
Restricted Stock Units
2016-12-09+22,817→ 22,817 total→ Class A Common Stock (22,817 underlying)
Footnotes (4)
- [F1]Each Restricted Stock Unit represents the right to receive, at settlement, one share of Class A Common Stock.
- [F2]Issuer has awarded the Reporting Person a one-time retention grant of Restricted Stock Units. One-half of the Restricted Stock Units shall vest on December 9, 2018 and the remaining one-half shall vest on December 9, 2020.
- [F3]Each year for four years beginning December 9, 2017, one-fourth of the Employee Stock Options shall become vested.
- [F4]Once exercisable, Employee Stock Options that become vested anytime from the date of vesting through five years from the date of vesting shall remain exercisable.