TECHPRECISION CORP 4
4 · TECHPRECISION CORP · Filed Sep 14, 2015
Insider Transaction Report
Form 4
Fitzgerald Richard F
Chief Financial Officer
Transactions
- Tax Payment
Common Stock
2015-08-12$0.08/sh+67,500$5,400→ 67,500 total - Tax Payment
Restricted Stock Units
2015-08-12+90,000→ 67,500 total→ Common Stock (90,000 underlying)
Footnotes (1)
- [F1]Subject to the reporting persons continued service with the issuer or its subsidiaries, 1/3 of the Restricted Stock Units vest upon the timely completion of a new financing that provides adequate liquidity to the issuer for one year; 1/3 of the Restricted Stock Units vest upon the timely filing of the issuer's Annual Report on Form 10-K for the fiscal year ended March 31, 2014, with no material weaknesses; and 1/3 of the Restricted Stock Units vest on March 18, 2015. The issuer's board of directors approved the vesting of all of the Resricted Stock Units on August 12, 2015.