Spencer Phillip M 4
4 · ViewRay, Inc. · Filed Feb 11, 2021
Insider Transaction Report
Form 4
ViewRay, Inc.VRAY
Spencer Phillip M
Director
Transactions
- Award
Common Stock
2021-02-09$4.91/sh+9,708$47,666→ 13,708 total
Footnotes (2)
- [F1]The reported securities are DSUs that entitle the Reporting Person to receive one share of Common Stock per DSU upon the earliest of (i) the Reporting Person's termination of service from the Issuer's board of directors, (ii) a Change of Control of the Issuer as defined in the Issuer's Amended & Restated 2015 Equity Incentive Award Plan or (iii) February 9, 2031 (the tenth anniversary of the grant date). 1/11th of these DSUs shall vest on the last day of each calendar month beginning on February 28, 2021 such that 100% of the DSUs will be vested on December 31, 2021, subject to the Reporting Person remaining a service provider through each such vesting date.
- [F2]These DSUs were issued to the reporting person pursuant to ViewRay Inc.'s Non-Employee Director Compensation Policy in lieu of retainer and committee service fees of $47,667.