SITO MOBILE, LTD. 4
4 · SITO MOBILE, LTD. · Filed Jun 1, 2017
Insider Transaction Report
Form 4
O'Connell Rory
Director
Transactions
- Exercise/Conversion
Stock Option
2017-05-31−25,000→ 0 totalExercise: $2.58Exp: 2021-02-18→ Common Stock (25,000 underlying) - Exercise/Conversion
Common Stock
2017-05-31$2.58/sh+25,000$64,500→ 42,733 total - Tax Payment
Common Stock
2017-05-31$4.04/sh−15,965$64,499→ 26,768 total
Footnotes (2)
- [F1]Represents a "net exercise" of outstanding stock options. The reporting person received 9,035 shares of common stock on the net exercise of an option to purchase 25,000 shares of common stock. The reporting person forfeited 15,965 shares of common stock underlying the option in payment of the exercise price, based on the market price of SITO common stock on May 30, 2017 of $4.04.
- [F2]The stock option became exercisable upon the date of grant.