Massoumi Ramin M 4
4 · ITERIS, INC. · Filed Nov 17, 2020
Insider Transaction Report
Form 4
ITERIS, INC.ITI
Massoumi Ramin M
Sr. Vice President
Transactions
- Award
Restricted stock unit
2020-11-16+8,714→ 8,714 total→ Common Stock (8,714 underlying) - Award
Stock Option (right to buy)
2020-11-16+35,000→ 35,000 totalExercise: $4.80Exp: 2030-11-15→ Common Stock (35,000 underlying)
Footnotes (4)
- [F1]Each Restricted stock unit represents a contingent right to receive one share of common stock upon the vesting date
- [F2]The RSUs vesting schedule is as follows: 50% after two years measured from the grant date and the last 50% after three years measured from the grant date
- [F3]The expiration date will be three years measured from the grant date
- [F4]The Stock option becomes exercisable in a series of four (4) successive equal annual installments (i.e. one-fourth of the shares each year) upon optionee's completion of each year of service over the four (4) year period measured from the grant date.