4//SEC Filing
Snap Interactive, Inc 4
Accession 0001213900-17-004814
$IPMCIK 0001355839operating
Filed
May 8, 8:00 PM ET
Accepted
May 9, 4:33 PM ET
Size
11.2 KB
Accession
0001213900-17-004814
Insider Transaction Report
Form 4
Sackowitz Eric
Chief Technology Officer
Transactions
- Award
Stock Option (Right to Buy)
2017-05-05+15,678→ 15,678 totalExercise: $3.36From: 2017-05-05Exp: 2027-05-04→ Common Stock (15,678 underlying) - Award
Stock Option (Right to Buy)
2017-05-05+28,571→ 28,571 totalExercise: $3.36From: 2018-05-05Exp: 2027-05-04→ Common Stock (28,571 underlying) - Disposition to Issuer
Stock Option (Right to Buy)
2017-05-05−15,678→ 0 totalExercise: $6.65Exp: 2023-08-01→ Common Stock (15,678 underlying)
Footnotes (3)
- [F1]Represents the cancellation of a stock option on May 5, 2017 pursuant to a cancellation agreement. The cancelled stock option was granted on October 7, 2016. Under this stock option, all of the options were vested and exercisable at the time of the closing of the merger contemplated by that certain Agreement and Plan of Merger dated as of September 13, 2016 by and among Snap Interactive, Inc. (the "Issuer"), SAVM Acquisition Corporation (a wholly-owned subsidiary of the Issuer), A.V.M. Software, Inc., and Jason Katz as the representative of A.V.M. Software, Inc.
- [F2]This stock option was granted and fully vested on May 5, 2017.
- [F3]This stock option was granted pursuant to a stock option agreement dated May 5, 2017 (the "Option Agreement"). Under this stock option, 25% of the shares of common stock underlying this stock option will vest on each anniversary of the date of grant, beginning with the first anniversary of the date of grant, as long as the reporting person is employed by the Issuer or a subsidiary on such dates; 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 of the date of the change in control in equal installments, in each case subject to the terms and conditions of the Option Agreement.
Documents
Issuer
Snap Interactive, Inc
CIK 0001355839
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001355839
Filing Metadata
- Form type
- 4
- Filed
- May 8, 8:00 PM ET
- Accepted
- May 9, 4:33 PM ET
- Size
- 11.2 KB