4//SEC Filing
WMIH CORP. 4
Accession 0001209191-15-044227
$COOPCIK 0000933136operating
Filed
May 18, 8:00 PM ET
Accepted
May 19, 12:08 PM ET
Size
6.4 KB
Accession
0001209191-15-044227
Insider Transaction Report
Form 4
WMIH CORP.WMIH
FAIRFIELD THOMAS L
DirectorSee Remarks
Transactions
- Award
Common Stock
2015-05-15+1,777,778→ 1,777,778 total
Footnotes (3)
- [F1]This restricted stock award was issued pursuant to a Restricted Stock Agreement, dated as of May 15, 2015, between WMIH Corp. (the "Company") and Mr. Fairfield that was entered into in connection with that certain Employment Agreement (the "Employment Agreement"), dated as of May 15, 2015, between the Company and Mr. Fairfield, pursuant to which Mr. Fairfield will serve as the President & Chief Operating Officer of the Company. The restricted stock award will vest in full upon the consummation of a Qualifying Acquisition (as defined in the Employment Agreement), subject to Mr. Fairfield's continued employment with the Company until such time.
- [F2](Continued From Footnote 1) However, if the Company consummates a Qualifying Acquisition within six months following a termination of Mr. Fairfield's employment by the Company without Cause (as defined in the Employment Agreement), due to Mr. Fairfield's resignation for Good Reason (as defined in the Employment Agreement) or as a result of Mr. Fairfield's death, disability or the expiration of the Employment Period (as defined in the Employment Agreement), then the restricted shares will vest at the time of the consummation of the Qualifying Acquisition.
- [F3]This restricted stock award has an initial value of $2.25 per share.
Documents
Issuer
WMIH CORP.
CIK 0000933136
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0000933136
Filing Metadata
- Form type
- 4
- Filed
- May 18, 8:00 PM ET
- Accepted
- May 19, 12:08 PM ET
- Size
- 6.4 KB