RAVE RESTAURANT GROUP, INC. 4
4 · RAVE RESTAURANT GROUP, INC. · Filed Feb 1, 2016
Insider Transaction Report
Form 4
MULLANY TIMOTHY E
Chief Financial Officer
Transactions
- Award
Restricted Stock Units
2016-01-28+20,050→ 20,050 totalFrom: 2018-10-15Exp: 2018-10-15→ Common Stock
Holdings
- 26,100
COMMON STOCK
- 50,000
Employee Stock Option (right to buy)
Exercise: $6.03Exp: 2024-05-05→ Common Stock (50,000 underlying) - 50,000
Employee Stock Option (right to buy)
Exercise: $6.03Exp: 2024-05-05→ Common Stock (50,000 underlying)
Footnotes (3)
- [F1]Each restricted stock unit represents the right to receive shares of common stock upon satisfaction of vesting requirements and performance criteria. The performance criteria are based on multiple financial metrics which, if at least minimum criteria are achieved, may yield from 50% to 150% of a share of common stock per restricted stock unit.
- [F2]Represents employee stock options conditionally granted on May 5, 2014, and exercisable as to 10%, 20%, 30% and 40% of the shares on May 5, 2015, 2016, 2017 and 2018, respectively.
- [F3]Represents employee stock options exercisable as to 5,000, 10,000, 15,000 and 20,000 shares on May 5, 2015, 2016, 2017 and 2018, respectively.