SG BLOCKS, INC. 4
4 · SG BLOCKS, INC. · Filed Nov 3, 2016
Insider Transaction Report
Form 4
SG BLOCKS, INC.SGBX***
Shetty Mahesh S
DirectorCFO
Transactions
- Award
Stock Options (right to buy)
2016-11-01+40,000→ 40,000 totalExercise: $1.00Exp: 2026-10-31→ Common Stock (40,000 underlying) - Award
Stock Options (right to buy)
2016-11-01+65,515→ 65,515 totalExercise: $0.01Exp: 2026-10-31→ Common Stock (65,515 underlying)
Footnotes (6)
- [F1]The options are exercisable at the greater of $1.00 and fair market value, which will be determined within 90 days of the date of the date of grant.
- [F2]The options were issued pursuant to the Issuer's Stock Option Plan.
- [F3]The options vest, subject to the Reporting Person's continued role as director, in equal installments of 10,000 underlying shares on the last day of each fiscal quarter following the date of grant until the options are 100% vested.
- [F4]The options are exercisable at the greater of $0.01 and the fair market value, which will be determined within 90 days of the date of grant.
- [F5]The options were issued pursuant to the Issuer's Amended Plan of Reorganization, approved by the U.S. Bankruptcy Court for the Southern District of New York on May 23, 2016 and under the Issuer's Stock Option Plan.
- [F6]32,578 of the underlying shares of common stock have vested as of the date of grant and 32,577 shares will vest, subject to the Reporting Person's continued employment, on the date on which the Company files its annual report on Form 10-K for the year ended December 31, 2016 with the U.S. Securities and Exchange Commission.