4//SEC Filing
LEDDY JEFFREY A 4
Accession 0001209191-18-039754
CIK 0001512077other
Filed
Jun 26, 8:00 PM ET
Accepted
Jun 27, 9:15 PM ET
Size
13.2 KB
Accession
0001209191-18-039754
Insider Transaction Report
Form 4
LEDDY JEFFREY A
Director
Transactions
- Award
Common Stock
2018-06-25+333,333→ 632,617 total - Award
Common Stock
2018-06-25+166,667→ 799,284 total - Award
Stock Option
2018-06-25+219,902→ 219,902 totalExercise: $2.65Exp: 2023-06-25→ Common Stock (219,902 underlying) - Award
Stock Option
2018-06-25+439,803→ 439,803 totalExercise: $2.65Exp: 2025-06-25→ Common Stock (439,803 underlying)
Footnotes (5)
- [F1]These shares were granted as restricted stock units and will vest with respect to 25% of the award on each of March 27, 2019, March 27, 2020, March 27, 2021 and March 27, 2022, subject to continuous employment as either an employee of the Company or a member of the Company's Board on each applicable vesting date.
- [F2]These shares were granted as performance-based restricted stock units and will vest as follows; (i) 25% vesting on March 27, 2019, (ii) 25% vesting on March 27, 2020, (iii) 25% vesting on March 27, 2021 and (iv) 25% vesting on March 27, 2022, subject to the reporting person's continuous service as either an employee of the Company or a member of the Company's Board 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 vested at grant on June 25, 2018, (ii) 25% of the Stock Options will vest on March 27, 2019 and (iii) 25% of the Stock Options will vest on March 27, 2020, subject to the reporting person's continuous service as either an employee of the Company or a member of the Company's Board 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 vested at grant on June 25, 2018, (ii) 25% of the Stock Options will vest on March 27, 2019 and (iii) 25% of the Stock Options will vest on March 27, 2020, subject to the reporting person's continuous service as either an employee of the Company or a member of the Company's Board 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.
Documents
Issuer
Global Eagle Entertainment Inc.
CIK 0001512077
Entity typeother
Related Parties
1- filerCIK 0001279502
Filing Metadata
- Form type
- 4
- Filed
- Jun 26, 8:00 PM ET
- Accepted
- Jun 27, 9:15 PM ET
- Size
- 13.2 KB