Everi Holdings Inc. 4
4 · Everi Holdings Inc. · Filed Mar 20, 2017
Insider Transaction Report
Form 4
KILBURN E MILES
Director
Transactions
- Award
Stock Option
2017-03-08+33,000→ 807,135 totalExercise: $3.29Exp: 2027-03-08→ Common Stock (33,000 underlying) - Award
Stock Option
2017-03-08+67,000→ 874,135 totalExercise: $3.29Exp: 2027-03-08→ Common Stock (67,000 underlying)
Footnotes (2)
- [F1]Represents an option to purchase 33,000 shares of the Company's common stock, which will vest in equal installments on each of the first four anniversary dates of the grant.
- [F2]Represents an option to purchase 67,000 shares of the Company's common stock that will vest in equal installments on each of the first four anniversary dates of the grant ("Vesting Date"); provided that as of the vesting date for each vesting tranche ("Tranche"), the closing price of the Company's shares on the New York Stock Exchange is at least $4.11 ("Price Hurdle"). If the Price Hurdle is not met as of the Vesting Date for a Tranche, then the Tranche shall vest and become Vested Shares on the last day of a period of thirty (30) consecutive Trading Days during which the Closing Price is at least the Price Hurdle.