Ingham Matthew James 4/A
4/A · JBI, INC. · Filed Oct 19, 2012
Insider Transaction Report
Form 4/AAmended
JBI, INC.JBII
Ingham Matthew James
Chief Financial Officer
Transactions
- Award
Option (right to buy)
2012-05-15+300,000→ 300,000 totalExercise: $1.50→ Common Stock (300,000 underlying)
Footnotes (2)
- [F1]The transaction reported in this row involves a grant, pursuant to the Employment Agreement by and between the Company and the Reporting Person, dated as of May 15, 2012, as amended and restated effective October 18, 2012, to the Reporting Person of options at an exercise price of $1.50 per share, to purchase the Company's common stock, $.001 par value per share, which shall vest in annual installments of 100,000 options over a three year period.
- [F2]The term of the options is the lesser of (a) ten (10) years, measured from the date immediately preceding the date on which the options were granted, or (b) seven (7) years from the applicable date of vesting.