Petrow Chester 4/A
4/A · SITO MOBILE, LTD. · Filed Aug 27, 2018
Insider Transaction Report
Form 4/AAmended
Petrow Chester
Director
Transactions
- Gift
Common Stock
2018-05-29−40,000→ 92,127 total - Award
Common Stock
2018-06-06+225,468→ 317,595 total - Award
Common Stock
2018-04-27+32,127→ 132,127 total - Gift
Common Stock
2018-05-29+40,000→ 40,000 total(indirect: By Spouse) - Award
Stock Option (Right to Buy)
2018-06-06+100,000→ 100,000 totalExercise: $6.01Exp: 2027-07-24→ Common Stock (100,000 underlying)
Holdings
- 3,250(indirect: By Family Member)
Common Stock
- 100,000
Common Stock
- 0
Stock Option (Right to Buy)
Exercise: $6.01Exp: 2027-07-24→ Common Stock (100,000 underlying)
Footnotes (7)
- [F1]On August 25, 2017, the reporting person mistakenly filed a Form 4 reporting the award of 255,468 shares of restricted stock units that did not in fact occur.
- [F2]The 32,127 shares represents the shares of SITO Mobile, Ltd.'s (the "Issuer") common stock granted to the reporting person, pursuant to the Issuer's 2017 Equity Incentive Plan in lieu of a cash bonus calculated by reference to the closing share price of the Issuer's shares on the NASDAQ Stock Market on March 29, 2018, which was $4.02.
- [F3]The reporting person gifted 40,000 share of the Issuer's common stock to his wife.
- [F4]Each restricted stock unit (each, an "RSU") represents the contingent right to receive one share of the Issuer's common stock. The RSUs 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.
- [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 options will vest annually over four years, starting on July 24, 2018.
- [F7]On August 25, 2017, the reporting person mistakenly filed a Form 4 reporting the award of 100,000 stock options that did not in fact occur.