Jaffe Robert S 4
4 · Pendrell Corp · Filed Jul 17, 2012
Insider Transaction Report
Form 4
Jaffe Robert S
General Counsel; Corporate Sec
Transactions
- Award
Class A Common Stock
2012-07-15+100,000→ 250,000 total - Award
Class A Common Stock
2012-07-15+150,000→ 150,000 total - Award
Stock Option (Right to Buy)
2012-07-15+300,000→ 300,000 totalExercise: $1.03Exp: 2022-07-15→ Class A Common Stock (300,000 underlying)
Footnotes (4)
- [F1]The restricted stock shall be subject to vesting conditions as estsablished by the compensation committee of the Issuer.
- [F2]The shares subject to this option vest on each of the first, second, and third anniversaries of the hire date of June 20, 2012; for the avoidance of doubt, the vesting shall occur 33% on June 20, 2013, 33% on June 20, 2014, and 34% on June 20, 2015.
- [F3]Closing price of the Issuer's Class A Common Stock on July 13, 2012 as quoted on the Nasdaq Global Market.
- [F4]The shares subject to this option vest on each of the first, second, third, and fourth anniversaries of the grant date of July 15, 2012; for the avoidance of doubt, the vesting shall occur 25% on July 15, 2013, 25% on July 15, 2014, 25% on July 15, 2015, and 25% on July 15, 2016.