Rand Logistics, Inc. 4
4 · Rand Logistics, Inc. · Filed Oct 28, 2015
Insider Transaction Report
Form 4
Bravener Scott
Director
Transactions
- Award
Employee Stock Option (Right to Buy)
2015-10-27+75,000→ 75,000 totalExercise: $2.19Exp: 2025-10-27→ Common Stock (75,000 underlying)
Footnotes (1)
- [F1]The options were issued pursuant to the Issuer's 2007 Long-Term Incentive Plan.The first 20% of the options become exercisable if the average closing price of Rand Logistics common stock over any 20 day period as reported on the Nasdaq Capital Markets is $4.00 per share on or before three years from the Grant Date. The next 25% of the options become exercisable if the average closing price of Rand Logistics common stock over any 20 day period as reported on the Nasdaq Capital Markets is $4.50 per share on or before three years from the Grant Date. The last 55% of the options become exercisable if the average closing price of Rand Logistics common stock over any 20 day period as reported on the Nasdaq Capital Markets is $5.00 per share on or before three years from the Grant Date.