Rubicon Technology, Inc. 4
4 · Rubicon Technology, Inc. · Filed May 15, 2017
Insider Transaction Report
Form 4
Brog Timothy E
Director
Transactions
- Other
Restricted Stock Units
2017-05-12−30,902→ 29,098 totalExp: 2021-03-15→ Common Stock (30,902 underlying)
Footnotes (4)
- [F1]Each restricted stock unit ("RSU") represents or represented a contingent right to receive one share of the Company's common stock.
- [F2]Pursuant to their terms, the RSUs set forth herein were automatically adjusted in connection with the 1-for-10 reverse stock split of the Company's common stock which occurred on May 5, 2017.
- [F3]30,902 RSUs were canceled and rescinded pursuant to the terms of the Amended and Restated Executive Employment Agreement, dated May 12, 2017, between Mr. Brog and the Company (the "Agreement").
- [F4]902, 15,000 and 15,000 of such RSUs would have vested if prior to March 15, 2021 the 15-trading day average closing price of the Company's common stock was greater than or equal to the target prices of $11.00, $12.50 and $14.00, respectively.