GLOBE SPECIALTY METALS INC 4
4 · GLOBE SPECIALTY METALS INC · Filed Dec 15, 2015
Insider Transaction Report
Form 4
Lebowitz Stephen
Chief Legal Officer
Transactions
- Award
Stock Appreciation Right
2015-12-11+25,000→ 25,000 totalExercise: $9.18Exp: 2020-12-11→ Common Stock (25,000 underlying)
Footnotes (2)
- [F1]Each stock appreciation right represents the right to receive cash on the exercise date (subject to acceleration in certain circumstances) in an amount equal to the difference obtained by subtracting the exercise price from the fair market value of one share of the company's common stock, $0.0001 par value, as of the date of exercise of the subject stock appreciation right.
- [F2]The stock appreciation rights vest and become exercisable in thirds on the first, second and third anniversary of the grant date (subject to acceleration in certain circumstances).