4//SEC Filing
Pallack Thomas 4
Accession 0001192482-18-000029
CIK 0001157817other
Filed
Jan 4, 7:00 PM ET
Accepted
Jan 5, 4:04 PM ET
Size
6.3 KB
Accession
0001192482-18-000029
Insider Transaction Report
Form 4
Pallack Thomas
DirectorChief Executive Officer
Transactions
- Purchase
Common Stock
2017-12-29$6.60/sh+5,625$37,136→ 1,064,675 total
Footnotes (3)
- [F1]The purchases reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on December 15, 2017.
- [F2]The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $6.35 to $6.77, inclusive. The reporting person undertakes to provide to SITO Mobile, Ltd. (the "Issuer"), any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in footnote (2) to this Form 4.
- [F3]Includes 1,028,050 restricted stock units ("RSU"), each of which represents the contingent right to receive one share of the Issuer's common stock. Such RSUs will vest with respect to (A) 20% of such RSUs in the event the average closing price of 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.
Documents
Issuer
SITO MOBILE, LTD.
CIK 0001157817
Entity typeother
Related Parties
1- filerCIK 0001708955
Filing Metadata
- Form type
- 4
- Filed
- Jan 4, 7:00 PM ET
- Accepted
- Jan 5, 4:04 PM ET
- Size
- 6.3 KB