Jason Industries, Inc. 4
4 · Jason Industries, Inc. · Filed Jul 11, 2014
Insider Transaction Report
Form 4
Rutledge John
Director
Transactions
- Award
Restricted Stock Units
2014-07-09+9,627→ 9,627 total→ 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 Dr. Rutledge 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 Dr. Rutledge'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 Dr. Rutledge has not been terminated prior to such change of control.
- [F2]Mr. Rutledge also has an indirect interest in warrants to purchase 10,000 shares of the issuer's common stock reported on his Form 4 ("Form 4") filed on August 16, 2013. The warrants are included within the units purchased by Quinpario Partners I, LLC. This report is subject to the statements made in the Form 4.