MITEK SYSTEMS INC 4
4 · MITEK SYSTEMS INC · Filed May 3, 2016
Insider Transaction Report
Form 4
SARAH CLARK
General Manager
Transactions
- Tax Payment
Common Stock
2016-05-02$7.44/sh−2,754$20,490→ 97,236 total - Award
Common Stock
2016-04-29+6,250→ 100,000 total
Footnotes (1)
- [F1]Comprised of 12,236 shares of common stock, 20,000 Stock Options, and 65,000 shares of common stock subject to restricted stock units (RSU) held by the reporting person. The 20,000 stock options represent a non-qualified stock option granted on November 4, 2014. Twenty-five percent of the shares subject to the stock option award vested on the first anniversary of the grant date and the remaining shares subject to the award began vesting monthly thereafter in thirty-six equal installments. Of the total 65,000 RSU, 2,500 of the shares subject to the RSU award vest in two equal installments on 11/5/16 and 11/5/2017; 12,500 shares vest in 2 equal installments on 4/29/2017, and 4/29/2018; and 50,000 shares vest in 4 equal installments on 11/16/2016, 11/16/2017, 11/16/2018 and 11/16/2019.