Jason Industries, Inc. 4
4 · Jason Industries, Inc. · Filed Jul 11, 2014
Insider Transaction Report
Form 4
MARTIN VINCENT L
Director
Transactions
- Award
Restricted Stock Units
2014-07-09+9,627→ 58,336 total(indirect: By Trust)→ Common Stock (9,627 underlying)
Footnotes (2)
- [F1]The time-vesting restricted stock units vest on the one (1) year anniversary following July 9, 2014, provided that Mr. Martin has not been terminated prior to the applicable vesting date. The board of directors or applicable committee of the board may, in its sole discretion, provide for accelerated vesting of the restricted stock units at any time and for any reason. Subject to the board or board committee's discretion to accelerate vesting, all unvested restricted stock units shall be immediately forfeited upon Mr. Martin's termination for any reason. Additionally, all restricted stock units shall become fully vested upon the occurrence of a change of control of Jason Industries, Inc., provided that Mr. Martin has not been terminated prior to such change of control.
- [F2]48,709 shares of JPHI Holdings, Inc. are owned indirectly through the Vincent L. and Janet D. Martin Revocable Trust of 1993, uad 8/27/1993 and are exchangeable on a one-share to one-share ratio (1:1) for common stock of Jason Industries, Inc., such ratio to be adjusted upon certain events, including stock splits, dividends and other changes to or payments on Jason Industries, Inc. common stock, pursuant to that certain Investor Rights Agreement, dated as of June 30, 2014, by and among each of Quinpario Acquisition Corp., JPHI Holdings, Inc. and each of the Holders signatory thereto. 9,627 restricted stock units are owned directly by Mr. Martin.