4//SEC Filing
Drive Shack Inc. 4
Accession 0001209191-17-012289
$DSHKCIK 0001175483operating
Filed
Feb 16, 7:00 PM ET
Accepted
Feb 17, 5:42 PM ET
Size
28.3 KB
Accession
0001209191-17-012289
Insider Transaction Report
Form 4
Yakin Sara A.
Chief Operating Officer
Transactions
- Award
Stock Option (right to buy)
2017-02-03+41,937→ 41,937 totalExercise: $1.00Exp: 2021-09-30→ Common Stock, par value $0.01 per share (41,937 underlying) - Award
Stock Option (right to buy)
2017-02-03+27,868→ 27,868 totalExercise: $1.00Exp: 2022-04-30→ Common Stock, par value $0.01 per share (27,868 underlying) - Award
Stock Option (right to buy)
2017-02-03+31,705→ 31,705 totalExercise: $1.00Exp: 2022-05-31→ Common Stock, par value $0.01 per share (31,705 underlying) - Award
Stock Option (right to buy)
2017-02-03+24,948→ 24,948 totalExercise: $1.00Exp: 2021-03-31→ Common Stock, par value $0.01 per share (24,948 underlying) - Award
Stock Option (right to buy)
2017-02-03+35,039→ 35,039 totalExercise: $1.00Exp: 2022-07-31→ Common Stock, par value $0.01 per share (35,039 underlying) - Award
Stock Option (right to buy)
2017-02-03+30,666→ 30,666 totalExercise: $2.95Exp: 2023-02-28→ Common Stock, par value $0.01 per share (30,666 underlying) - Award
Stock Option (right to buy)
2017-02-03+53,666→ 53,666 totalExercise: $3.23Exp: 2023-06-30→ Common Stock, par value $0.01 per share (53,666 underlying) - Award
Stock Option (right to buy)
2017-02-03+61,233→ 61,233 totalExercise: $4.01Exp: 2024-08-31→ Common Stock, par value $0.01 per share (61,233 underlying) - Award
Stock Option (right to buy)
2017-02-03+76,666→ 76,666 totalExercise: $2.32Exp: 2023-01-31→ Common Stock, par value $0.01 per share (76,666 underlying) - Award
Stock Option (right to buy)
2017-02-03+77,268→ 77,268 totalExercise: $3.57Exp: 2023-11-30→ Common Stock, par value $0.01 per share (77,268 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, 5:42 PM ET
- Size
- 28.3 KB