SPARK NETWORKS INC 4
4 · SPARK NETWORKS INC · Filed Mar 23, 2017
Insider Transaction Report
Form 4
TUREK WALTER
Director
Transactions
- Award
Stock Option (right to buy)
2017-03-21+24,000→ 24,000 totalExercise: $1.00Exp: 2024-03-21→ Common Stock (24,000 underlying) - Award
Restricted Stock Unit
2017-03-21+45,920→ 45,920 total→ Common Stock (45,920 underlying)
Footnotes (4)
- [F1]Twenty-five percent (25%) of the options vest in four equal installments at end of each fiscal quarter during 2017.
- [F2]Each restricted stock unit represents a contingent right to receive one share of the Spark Network, Inc.'s (the "Company") common stock.
- [F3]These shares represent a grant of restricted stock units under the Company's 2007 Omnibus Incentive Plan on March 21, 2017. This grant was made in lieu of cash fees for non-employee director service on the Company's board of directors for 2017. Twenty-five percent (25%) of the restricted stock units subject to the award vest at the end of each fiscal quarter during 2017, subject to the reporting person's continuous service as a director.
- [F4]Not applicable.