Triplett Dennis 4
4 · ACTIVE NETWORK INC · Filed May 25, 2012
Insider Transaction Report
Form 4
Triplett Dennis
SVP, Operations
Transactions
- Award
Common Stock
2012-05-23+17,000→ 56,637 total - Award
Common Stock
2012-05-23+30,000→ 30,000 totalExercise: $13.06Exp: 2022-05-23→ Common Stock (30,000 underlying)
Footnotes (2)
- [F1]These Restricted Stock Units ("RSUs") were granted pursuant to The Active Network, Inc. 2011 Equity Plan and vest 25% on the first year anniversary of the grant date and in equal installments on each of the three anniversaries thereafter, subject to the reporting person's continuous employment through each of the vesting dates. Each RSU represents a contingent right to receive one share of the Company's Common Stock.
- [F2]The options vest over four years in equal monthly installments, subject to the reporting person's continuous employment through each of the vesting dates; however, such options do not become exercisable until the Company's 15-day moving average stock price meets or exceeds (a) $20.00 within two years from the grant date, (b) $22.50 within three years from the grant date, or (c) $25.00 within four years from the grant date.