Forshay Christopher Scott 4
4 · GreenSky, Inc. · Filed Mar 11, 2019
Insider Transaction Report
Form 4
GreenSky, Inc.GSKY
Forshay Christopher Scott
President, Home Improvement
Transactions
- Award
Stock Option (right to buy)
2019-03-07+113,637→ 113,637 totalExercise: $12.55Exp: 2029-03-07→ Class A common stock (113,637 underlying) - Award
Class A common stock
2019-03-07+66,594→ 102,450 total - Award
Class A common stock
2019-03-07+35,856→ 35,856 total
Holdings
- 142,130.43
Holdco Units
→ Class A common stock (142,130.43 underlying) - 142,130.43
Class B common stock
Footnotes (5)
- [F1]Grant of restricted stock, which will vest in three equal installments on March 7, 2020, March 7, 2021, and March 7, 2022.
- [F2]Grant of restricted stock, which will vest in four substantially equal installments on March 7, 2020, March 7, 2021, March 7, 2022, and March 7, 2023.
- [F3]The Class B common stock entitles holders to ten votes per share, votes as a single class with the Class A common stock, has no economic rights and is subject to forfeiture upon exchange of the Reporting Person's Holdco Units as described below.
- [F4]The stock option vests in four substantially equal installments on March 7, 2020, March 7, 2021, March 7, 2022, and March 7, 2023.
- [F5]Pursuant to the Exchange Agreement, dated May 23, 2018, by and among the Issuer, GreenSky Holdings, LLC ("GS Holdings") and the members of GS Holdings, the Holdco Units may be exchanged by the Reporting Person (with automatic cancellation of an equal number of shares of Class B common stock) for shares of Class A common stock on a one-for-one basis, subject to customary adjustments for stock splits, stock dividends, reclassifications and other similar transactions, stock repurchases and other reinvestments of excess cash, or for cash (based on the market price of the shares of Class A common stock), at the Issuer's option.