Snap Interactive, Inc 4
4 · Snap Interactive, Inc · Filed Jul 29, 2016
Insider Transaction Report
Form 4
Fox Steven R.
Director
Transactions
- Award
Stock Option (Right to Buy)
2016-06-08+100,000→ 100,000 totalExercise: $0.16From: 2017-05-22Exp: 2026-06-07→ Common Stock (100,000 underlying)
Footnotes (1)
- [F1]The stock option was granted pursuant to a stock option agreement dated June 8, 2016 (the "Option Agreement"). The shares underlying this stock option will vest and become exercisable in three equal installments on May 22, 2017, May 22, 2018, and May 22, 2019, as long as the reporting person is providing services to Snap Interactive, Inc. on such date; provided, that upon the effective date of a "change in control" (as defined in the Snap Interactive, Inc. 2016 Long-Term Incentive Plan), 50% of the then-unvested shares immediately will vest on the date of the change in control and the remaining 50% of the then-unvested shares will vest on the earlier of (i) the original date such shares would have vested or (ii) the first and second anniversaries on the date of the change in control in equal installments, in each case subject to the terms and conditions of the Option Agreement.