SPARK NETWORKS INC 4
4 · SPARK NETWORKS INC · Filed Apr 4, 2017
Insider Transaction Report
Form 4
TUREK WALTER
Director
Transactions
- Award
Restricted Stock Unit
2017-03-31−11,480→ 34,440 total→ Common Stock (11,480 underlying) - Exercise/Conversion
Common Stock
2017-03-31+11,480→ 158,376 total
Footnotes (3)
- [F1]Each restricted stock unit represents a contingent right to receive one share of the Spark Network, Inc.'s (the "Company") common stock.
- [F2]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.
- [F3]Not applicable.