4//SEC Filing
Jaffe Robert S 4
Accession 0001209191-12-053586
CIK 0001359555other
Filed
Nov 15, 7:00 PM ET
Accepted
Nov 16, 5:31 PM ET
Size
18.2 KB
Accession
0001209191-12-053586
Insider Transaction Report
Form 4
Jaffe Robert S
General Counsel; Corporate Sec
Transactions
- Award
Restricted Stock Unit Award
2012-11-14+40,625→ 40,625 totalExercise: $0.00From: 2013-08-24Exp: 2022-08-24→ Class A Common Stock (40,625 underlying) - Award
Restricted Stock Unit Award
2012-11-14+40,625→ 40,625 totalExercise: $0.00From: 2012-11-14Exp: 2016-08-24→ Class A Common Stock (40,625 underlying) - Award
Class A Common Stock
2012-11-14+100,000→ 250,000 total - Award
Employee Stock Option (Right to Buy)
2012-11-14+243,750→ 243,750 totalExercise: $1.21From: 2013-08-24Exp: 2022-08-24→ Class A Common Stock (243,750 underlying) - Award
Class A Common Stock
2012-11-14+150,000→ 150,000 total - Award
Employee Stock Option (Right to Buy)
2012-11-14+300,000→ 300,000 totalExercise: $1.03From: 2013-07-15Exp: 2022-07-15→ Class A Common Stock (300,000 underlying)
Footnotes (9)
- [F1]The restricted stock award was approved by the compensation committee of the Issuer's board of directors on June 8, 2012, effective July 15, 2012, subject to stockholder approval of the Pendrell Corporation 2012 Equity Incentive Plan (the "2012 Plan"). The Issuer's stockholders approved the 2012 Plan on November 14, 2012. The restricted stock award was prematurely reported on Form 4 filed on July 17, 2012, and is subject to vesting conditions as established by the compensation committee of the Issuer's board of directors.
- [F2]The option grant was approved by the compensation committee of the Issuer's board of directors on June 8, 2012, effective July 15, 2012, subject to stockholder approval of the 2012 Plan. The Issuer's stockholders approved the 2012 Plan on November 14, 2012.
- [F3]The option vests as to 25% of the total grant on each of July 15, 2013, July 15, 2014, July 15, 2015 and July 15, 2016, subject to the continued employment of the Reporting Person through such dates.
- [F4]The option grant was approved by the compensation committee of the Issuer's board of directors on August 9, 2012, effective August 24, 2012, subject to stockholder approval of the 2012 Plan. The Issuer's stockholders approved the 2012 Plan on November 14, 2012.
- [F5]The option vests as to 25% of the total grant on each of August 24, 2013, August 24, 2014, August 24, 2015 and August 24, 2016, subject to the continued employment of the Reporting Person through such dates.
- [F6]Converts into Class A Common Stock on a one-for-one basis upon vesting.
- [F7]The restricted stock units were approved by the compensation committee of the Issuer's board of directors on August 9, 2012, effective August 24, 2012, subject to stockholder approval of the 2012 Plan. The Issuer's stockholders approved the 2012 Plan on November 14, 2012.
- [F8]The restricted stock units vest as to 25% of the total award on each of August 24, 2013, August 24, 2014, August 24, 2015 and August 24, 2016, subject to the continued employment of the Reporting Person through such dates.
- [F9]The restricted stock units will vest as to (i) 50% of the award when the average closing share price of the Issuer's Class A Common Stock for any 60 consecutive calendar days, as reported on Nasdaq, is $2.00 or higher; and (ii) 50% of the award when the average closing share price of the Issuer's Class A Common Stock for any 60 consecutive calendar days, as reported on Nasdaq, is $3.00 or higher, subject to the continued employment of the Reporting Person through such dates.
Documents
Issuer
Pendrell Corp
CIK 0001359555
Entity typeother
Related Parties
1- filerCIK 0001527244
Filing Metadata
- Form type
- 4
- Filed
- Nov 15, 7:00 PM ET
- Accepted
- Nov 16, 5:31 PM ET
- Size
- 18.2 KB