Faiman David 4

4 · Staffing 360 Solutions, Inc. · Filed May 2, 2019

Form 4

Period: 2017-01-26

Chief Financial Officer

Transactions

Award
Performance Restricted Stock Units
2019-02-15+40,000→ 40,000 total
Exp: 2021-01-31→ Common Stock (40,000 underlying)
Award
Performance Restricted Stock Units
2017-01-26+30,166→ 30,166 total
Exp: 2018-12-31→ Common Stock (30,166 underlying)

Footnotes (3)

[F1]Performance-based restricted stock units ("PRSUs") convert into common stock on a one-for-one basis.
[F2]On January 26, 2017, the reporting person was granted 30,166 PRSUs. The PRSUs would have vested based on the achievement of certain performance goals related to the market capitalization of the Issuer's common stock as of a performance period ending on December 31, 2018. The applicable performance criteria was not met as of the end of the performance period and this award expired without vesting on December 31, 2018. This transaction is being reported late.
[F3]On February 15, 2019, the reporting person was granted 40,000 PRSUs. The PRSUs vest (i) 50% on December 31, 2020 based on the reporting person being employed by the Issuer and in good standing as of such date and (ii) 50% based on the achievement of certain performance goals related to the average market price of the Issuer's common stock during the 90-day period ending on December 31, 2020. This transaction is being reported late.

Documents

1 file