MILLS RICHARD C 4
4 · CREATIVE REALITIES, INC. · Filed Jun 3, 2020
Insider Transaction Report
Form 4
MILLS RICHARD C
DirectorChief Executive Officer
Transactions
- Award
Stock Options (right to buy)
2020-06-01+480,000→ 480,000 totalExercise: $2.53Exp: 2030-06-01→ Common Stock (480,000 underlying) - Disposition to Issuer
Stock Options (right to buy)
2020-06-01−480,000→ 0 totalExercise: $2.53Exp: 2030-05-20→ Common Stock (480,000 underlying)
Holdings
- 87,976(indirect: By LLC)
Common Stock
- 702,259
Common Stock
Footnotes (3)
- [F1]The Reporting Person is a principal of RFK Communications, LLC and has voting and investment power for this entity.
- [F2]This transaction involves a rescission of a prior grant pursuant to an agreement dated June 1, 2020 between the Company and the Reporting Person in connection with securities granted which were in excess of the limits authorized by the Company's 2014 Stock Incentive Plan. As of the date of rescission, the forfeited options to acquire 480,000 shares were not vested.
- [F3]The options were granted pursuant to an agreement dated June 1, 2020 between the Company and the Reporting Person and are subject to approval by Company's stockholders of an amendment to its 2014 Stock Incentive Plan (the "Amendment"). If the Amendment is approved by stockholders, options to acquire 480,000 shares will vest in three equal installments of 160,000 each on 6/1/2021, 6/1/2022 and 6/1/2023. The grant was approved in accordance with Rule 16b-3(d) of the Securities Exchange Act of 1934 (the "1934 Act"), and in accordance with Rule 16b-3(a) of the 1934 Act is exempt from Section 16(b) of the 1934 Act.