Blanche Michael Jon 4
4 · SITO MOBILE, LTD. · Filed Dec 6, 2017
Insider Transaction Report
Form 4
Blanche Michael Jon
Chief Technology Officer
Transactions
- Award
Common Stock
2017-11-30+75,000→ 75,000 total
Footnotes (2)
- [F1]The restricted stock units ("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 represents the contingent right to receive one share of the Issuer's common stock.