Short Robert D III 4
4 · VirnetX Holding Corp · Filed Mar 23, 2020
Insider Transaction Report
Form 4
Short Robert D III
Director
Transactions
- Award
Stock Option (Right to Buy)
2020-03-19+35,000→ 35,000 totalExercise: $5.63Exp: 2030-03-19→ Common Stock (35,000 underlying)
Footnotes (1)
- [F1]The Shares underlying this Option shall vest and become exercisable in accordance with the following schedule: 1/48 of the total number of Shares subject to the Option shall vest and become exercisable on the one- month anniversary of the grant date, and 1/48 of the total number of Shares subject to the Option shall vest and become exercisable on each monthly anniversary thereafter, so long as the individual's continuous status as a Service Provider (as defined in the Company's 2013 Equity Incentive Plan (the "Plan")) has not terminated prior to each such date. If a Change in Control (as defined in the Plan) occurs, all of the Shares underlying this Option then unvested as of the date of the Change in Control, will vest and become exercisable immediately prior to the consummation of the Change in Control transaction.