HAMMARLEY DAVID 4
4 · Drive Shack Inc. · Filed Nov 19, 2018
Insider Transaction Report
Form 4
HAMMARLEY DAVID
Chief Financial Officer
Transactions
- Award
Stock Option (right to buy)
2018-11-12+75,000→ 75,000 totalExercise: $5.44→ Common Stock, par value $0.01 per share (75,000 underlying)
Footnotes (2)
- [F1]The options vest on November 12, 2021, provided that Mr. Hammarley remains in continuous employment with the Company through such date.
- [F2]Once vested, the options may be exercised prior to the earliest to occur of: (a) November 12, 2028, (b) the first anniversary of the date of Mr. Hammarley's termination of employment by the Company without cause or due to his death or disability, (c) 90 days following the date of Mr. Hammarley's voluntary termination of employment, and (d) the close of business on the last business day immediately prior to the date of Mr. Hammarley's (i) termination of employment by the Company for cause or (ii) breach of any restrictive covenant set forth in any agreement or arrangement between Mr. Hammarley and the Company.