Nam Min Woo 4
4 · DZS INC. · Filed Jan 4, 2022
Insider Transaction Report
Form 4
DZS INC.DZSI
Nam Min Woo
Director
Transactions
- Exercise/Conversion
Restricted Stock Units
2021-12-31−1,071→ 0 total→ Common Stock (1,071 underlying) - Exercise/Conversion
Common Stock
2021-12-31+1,071→ 23,071 total - Exercise/Conversion
Restricted Stock Units
2022-01-03+3,889→ 3,889 total→ Common Stock (3,889 underlying)
Footnotes (2)
- [F1]This represents the fourth vesting on December 31, 2021 in the amount of 1,071 units for a total amount vested of 4,275 of the restricted stock units issued on January 4, 2021. Each restricted stock unit represents the right to receive one share of the issuer's common stock upon vesting.
- [F2]Represents restricted stock units issued to the reporting person that will vest in four equal installments on March 31, 2022, June 30, 2022, September 30, 2022 and December 31, 2022, subject to the reporting person's continued service to the issuer on each such vesting date. Each restricted stock unit represents the right to receive one share of the company's common stock upon vesting.