4//SEC Filing
Drive Shack Inc. 4
Accession 0001209191-17-012286
$DSHKCIK 0001175483operating
Filed
Feb 16, 7:00 PM ET
Accepted
Feb 17, 5:41 PM ET
Size
28.3 KB
Accession
0001209191-17-012286
Insider Transaction Report
Form 4
Watterson Sarah
CEO & President
Transactions
- Award
Stock Option (right to buy)
2017-02-03+62,906→ 62,906 totalExercise: $1.00Exp: 2021-09-30→ Common Stock, par value $0.01 per share (62,906 underlying) - Award
Stock Option (right to buy)
2017-02-03+47,558→ 47,558 totalExercise: $1.00Exp: 2022-05-31→ Common Stock, par value $0.01 per share (47,558 underlying) - Award
Stock Option (right to buy)
2017-02-03+37,422→ 37,422 totalExercise: $1.00Exp: 2021-03-31→ Common Stock, par value $0.01 per share (37,422 underlying) - Award
Stock Option (right to buy)
2017-02-03+52,559→ 52,559 totalExercise: $1.00Exp: 2022-07-31→ Common Stock, par value $0.01 per share (52,559 underlying) - Award
Stock Option (right to buy)
2017-02-03+46,000→ 46,000 totalExercise: $2.95Exp: 2023-02-28→ Common Stock, par value $0.01 per share (46,000 underlying) - Award
Stock Option (right to buy)
2017-02-03+80,500→ 80,500 totalExercise: $3.23Exp: 2023-06-30→ Common Stock, par value $0.01 per share (80,500 underlying) - Award
Stock Option (right to buy)
2017-02-03+41,802→ 41,802 totalExercise: $1.00Exp: 2022-04-30→ Common Stock, par value $0.01 per share (41,802 underlying) - Award
Stock Option (right to buy)
2017-02-03+115,902→ 115,902 totalExercise: $3.57Exp: 2023-11-30→ Common Stock, par value $0.01 per share (115,902 underlying) - Award
Stock Option (right to buy)
2017-02-03+91,850→ 91,850 totalExercise: $4.01Exp: 2024-08-31→ Common Stock, par value $0.01 per share (91,850 underlying) - Award
Stock Option (right to buy)
2017-02-03+115,000→ 115,000 totalExercise: $2.32Exp: 2023-01-31→ Common Stock, par value $0.01 per share (115,000 underlying)
Footnotes (4)
- [F1]Tandem awards correspond on a one-to-one basis with options granted to FIG LLC, the Company's manager (or an affiliate of the Company's manager), such that exercise by an employee of the tandem award would result in the corresponding option held by the manager being cancelled. Upon the grant of options to the manager (or an affiliate), such options are fully vested and become exercisable over a 30-month period (the "Total Exercisability Period") in equal monthly installments beginning on the first of each month following the month in which the options were granted. (Continued in Footnote 2)
- [F2]When tandem awards are granted with respect to manager options, the manager options become exercisable in equal monthly installments over a portion of the Total Exercisability Period equal to the product of (i) the ratio of manager options not subject to corresponding tandem options to the total number of manager options (including manager options underlying such tandem awards subject to corresponding tandem options) multiplied by (ii) 30 (such period, the "Manager Exercisability Period"). Following the Manager Exercisability Period, the tandem awards vest in generally equal monthly installments on the first of each month over the remainder of the Total Exercisability Period and become exercisable only at the end of the Total Exercisability Period.
- [F3]Represents the expiration date of the related manager option. In general, the expiration date of the tandem award occurs prior to the expiration date of the underlying option.
- [F4]Tandem awards will be settled in an amount of cash equal to the excess of the fair market value of a share of our common stock on the date of exercise over the fair market value on the date of grant, unless advance approval is given by the Board of Directors or an officer of the Company, as applicable, to settle the tandem awards in shares.
Documents
Issuer
Drive Shack Inc.
CIK 0001175483
Entity typeoperating
IncorporatedMD
Related Parties
1- filerCIK 0001175483
Filing Metadata
- Form type
- 4
- Filed
- Feb 16, 7:00 PM ET
- Accepted
- Feb 17, 5:41 PM ET
- Size
- 28.3 KB