4//SEC Filing
Del Priore Mark 4
Accession 0001192482-17-000192
CIK 0001157817other
Filed
Jul 25, 8:00 PM ET
Accepted
Jul 26, 4:16 PM ET
Size
7.9 KB
Accession
0001192482-17-000192
Insider Transaction Report
Form 4
Del Priore Mark
Director
Transactions
- Award
Common Stock
2017-07-24+225,468→ 225,468 total - Award
Stock Option (right to buy)
2017-07-24+100,000→ 100,000 totalExercise: $6.01Exp: 2027-07-24→ Common Stock (100,000 underlying)
Footnotes (3)
- [F1]The RSUs will vest with respect to (A) 20% of such RSUs in the event the average closing price of SITO Mobile, Ltd.'s (the "Issuer") common stock is at least $7.00 per share for 65 consecutive trading days, (B) an additional 30% of such RSUs in the event the average closing price of the Issuer's common stock is at least $10.00 per share for 65 consecutive trading days and (C) the remaining 50% of such RSUs in the event the average closing price of the Issuer's common stock is at least $15.00 per share for 65 consecutive trading days. RSUs may be settled in common stock or cash, at the election of the Issuer.
- [F2]Each restricted stock unit (each an "RSU") represents the contingent right to receive one share of the Issuer's common stock.
- [F3]The stock options will vest ratably on the first four anniversaries of the date of grant. Options may be settled in common stock or cash, at the election of the Issuer.
Documents
Issuer
SITO MOBILE, LTD.
CIK 0001157817
Entity typeother
Related Parties
1- filerCIK 0001708976
Filing Metadata
- Form type
- 4
- Filed
- Jul 25, 8:00 PM ET
- Accepted
- Jul 26, 4:16 PM ET
- Size
- 7.9 KB