Pickens Thomas Boone III 4
4 · ASTROTECH Corp · Filed Dec 19, 2018
Insider Transaction Report
Form 4
ASTROTECH CorpASTC
Pickens Thomas Boone III
DirectorChief Executive Officer
Transactions
- Conversion
Common Stock
2018-12-07$2.35/sh+866,950$2,037,333→ 1,563,351 total - Conversion
Series B Preferred Stock
2018-12-07$2.35/sh−866,950$2,037,333→ 0 totalExercise: $2.35→ Common Stock (866,950 underlying) - Award
Common Stock
2018-12-17$3.40/sh+35,000$119,000→ 1,598,351 total
Footnotes (3)
- [F1]The Reporting Person purchased Series B Preferred Stock from the Company on October 9, 2018 and subsequently converted the Series B Preferred Stock to Common Stock on December 7, 2018.
- [F2]One-third of the total number of shares of common stock granted shall vest and become exercisable on each of the first three anniversaries of December 17, 2018, such that 100% of the shares of common stock granted shall be fully vested and exercisable on December 17, 2021, subject to Reporting Person's continuous employment with the Issuer through each such applicable anniversary.
- [F3]The Series B Preferred Stock had no expiration date and automatically converted into an aggregate of 866,950 shares of common stock upon receipt of shareholder approval in accordance with NASDAQ Listing Rule 5635(b).