Adepoju Wale 4
4 · Global Eagle Entertainment Inc. · Filed Jun 27, 2018
Insider Transaction Report
Form 4
Adepoju Wale
Exec. VP & Chief Cmcl Officer
Transactions
- Award
Stock Option
2018-06-25+175,921→ 175,921 totalExercise: $2.65Exp: 2025-06-25→ Common Stock (175,921 underlying) - Award
Common Stock
2018-06-25+133,333→ 368,000 total - Award
Common Stock
2018-06-25+66,667→ 434,667 total - Award
Stock Option
2018-06-25+87,961→ 87,961 totalExercise: $2.65Exp: 2023-06-25→ Common Stock (87,961 underlying)
Footnotes (5)
- [F1]These shares were granted as restricted stock units and will vest as follows; (i) 50% vesting on March 27, 2020, (ii) 25% vesting on March 27, 2021 and (iii) 25% vesting on March 27, 2022, subject to continuous employment on each applicable vesting date.
- [F2]These shares were granted as performance-based restricted stock units and will vest as follows; (i) 50% vesting on March 27, 2020, (ii) 25% vesting on March 27, 2021, and (iii) 25% vesting on March 27, 2022, subject to the reporting person's continuous service through each applicable vesting date, and provided that the Issuer's volume-weighted average price per share of common stock equals or exceeds $4.00 for 45 consecutive trading days at any time on or prior to June 25, 2023.
- [F3]Each Stock Option represents the right of the reporting person to receive a cash payment on the date of exercise equal to the value of the closing price per share on the date of exercise less the exercise price.
- [F4]These Stock Options generally vest and become exercisable as follows: (i) 50% of the Stock Options will vest on March 27, 2020, (ii) 25% of the Stock Options will vest on March 27, 2021 and (iii) 25% of the Stock Options will vest on March 27, 2022, subject to the reporting person's continuous service through each applicable vesting date, and provided that the Issuer's volume-weighted average price per share of common stock equals or exceeds $4.00 for 45 consecutive trading days at any time on or prior to June 25, 2023.
- [F5]These Stock Options generally vest and become exercisable as follows: (i) 50% of the Stock Options will vest on March 27, 2020 and (ii) 50% of the Stock Options will vest on March 27, 2021, subject to the reporting person's continuous service through each applicable vesting date, and provided that the Issuer's volume-weighted average price per share of common stock equals or exceeds $8.00 for 45 consecutive trading days at any time on or prior to June 25, 2025.