Internap Corp 4
4 · Internap Corp · Filed Feb 23, 2016
Insider Transaction Report
Form 4
Internap CorpINAP
Orchard Steven Andrew
SVP, Operations & Support
Transactions
- Tax Payment
Restricted Common Stock
2016-02-21$2.11/sh−1,479$3,121→ 85,307 total - Award
Restricted Common Stock
2016-02-22+22,326→ 107,633 total - Tax Payment
Restricted Common Stock
2016-02-20$2.11/sh−1,760$3,714→ 86,786 total - Award
Restricted Common Stock
2016-02-22+25,138→ 132,771 total - Award
Stock Option (right to buy)
2016-02-22+66,359→ 66,359 totalExercise: $2.00Exp: 2026-02-21→ Common Stock (66,359 underlying)
Footnotes (5)
- [F1]Shares withheld to satisfy minimum statutory tax obligations on vesting of restricted stock.
- [F2]The shares of restricted stock shall vest annually in four equal installments beginning on the first anniversary of the grant date.
- [F3]The restricted common stock was awarded in an exempt transaction pursuant to Rule 16b-3(d) of the Securities Exchange Act of 1934, as amended.
- [F4]The shares of restricted stock shall vest in three installments: 30% will vest on August 30, 2016, 30% will vest on February 28, 2017 and 40% will vest on August 30, 2017.
- [F5]The options shall vest as follows: 25% on the first anniversary of the grant date and in 36 equal monthly installments thereafter.