Petrow Chester 4
4 · SITO MOBILE, LTD. · Filed Aug 25, 2017
Insider Transaction Report
Form 4
Petrow Chester
Director
Transactions
- Purchase
Common Stock
2017-08-17$3.46/sh+27,592$95,468→ 314,560 total - Purchase
Common Stock
2017-08-24$4.32/sh+41,208$178,019→ 355,768 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) - Award
Common Stock
2017-07-24+255,468→ 286,968 total
Holdings
- 3,250(indirect: By Family Member)
Common Stock
Footnotes (6)
- [F1]Each restricted stock unit (each, an "RSU") represents the contingent right to receive one share of the Issuer's Common Stock. RSUs may be settled in Common Stock or cash, at the election of the Issuer.
- [F2]Such RSU's will (i) vest as to 20% of such RSUs in the event that the closing price of the Issuer's Common Stock for a period of at 65 trading days is $7.00; (ii) vest as to 30% of such RSUs in the event that the closing price of the Issuer's Common Stock for a period of at 65 trading days is $10.00 and (iii) vest as to 50% of such RSUs in the event that the closing price of the Issuer's Common Stock for a period of at 65 trading days is $15.00.
- [F3]The purchase prices reported in column 4 of Table I represent the weighted average purchase price of the shares purchased, ranging from $3.35 to $4.35 per share. Upon request by the Commission staff, the Issuer or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares purchased at each separate price.
- [F4]The purchase prices reported in column 4 of Table I represent the weighted average purchase price of the shares purchased, ranging from $4.24 to $4.35 per share. Upon request by the Commission staff, the Issuer or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares purchased at each separate price
- [F5]Shares are held by an immediate family member. The Reporting Person disclaims beneficial ownership of such shares, except to the extent of his pecuniary interest therein.
- [F6]The stock option 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.