4//SEC Filing
Snap Interactive, Inc 4
Accession 0001213900-17-004816
$IPMCIK 0001355839operating
Filed
May 8, 8:00 PM ET
Accepted
May 9, 4:34 PM ET
Size
12.2 KB
Accession
0001213900-17-004816
Insider Transaction Report
Form 4
Vakil Arash
Chief Product Officer
Transactions
- Award
Stock Option (Right to Buy)
2017-05-05+31,779→ 31,779 totalExercise: $3.36From: 2017-05-05Exp: 2027-05-04→ Common Stock (31,779 underlying) - Disposition to Issuer
Stock Option (Right to Buy)
2017-05-05−31,779→ 0 totalExercise: $5.25Exp: 2025-06-17→ Common Stock (31,779 underlying) - Award
Stock Option (Right to Buy)
2017-05-05+14,286→ 14,286 totalExercise: $3.36From: 2018-05-05Exp: 2027-05-04→ Common Stock (14,286 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 pursuant to a stock option agreement dated May 5, 2017 (the "Option Agreement"). Under this stock option, one-third of the shares of common stock underlying this stock option vested on the date of grant, and one-third of the shares of common stock underlying the stock option vest on each of June 17, 2017 and June 17, 2018, 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.
- [F3]This stock option was granted pursuant to a stock option agreement dated May 5, 2017 (the "Option Agreement"). The shares underlying this stock option will vest and become exercisable in four equal annual installments on each anniversary of the date of grant, beginning on 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, 4:34 PM ET
- Size
- 12.2 KB