Pallack Thomas 4
4 · SITO MOBILE, LTD. · Filed Jul 26, 2017
Insider Transaction Report
Form 4
Pallack Thomas
DirectorChief Executive Officer
Transactions
- Award
Stock Option (right to buy)
2017-07-24+400,000→ 400,000 totalExercise: $6.01Exp: 2027-07-24→ Common Stock (400,000 underlying) - Award
Common Stock
2017-07-24+1,028,050→ 1,028,050 total
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.