Foster Craig L 4
4 · LiveXLive Media, Inc. · Filed Apr 27, 2018
Insider Transaction Report
Form 4
Foster Craig L
Director
Transactions
- Award
Stock Option (Right to Buy)
2018-04-24+25,000→ 25,000 totalExercise: $4.00Exp: 2028-04-24→ Common Stock (25,000 underlying)
Footnotes (2)
- [F1]These options were granted pursuant to that certain Stock Option Agreement entered into by and between the Issuer and the Reporting Person, dated as of April 24, 2018 (the "Option Agreement"). These options vest in increments, with one-half of the options vesting 12 months from April 24, 2018 (the "Grant Date"), with an additional one-half of the options vesting 24 months after the Grant Date, subject to the Reporting Person's continued service as a member of the Issuer's board of directors on such vesting date. Each tranche of the options shall become exercisable on the 18th month anniversary of the Grant Date.
- [F2]These options expire 10 years from the Grant Date, unless terminated sooner in accordance with the Issuer's 2016 Equity Incentive Plan (the "2016 Plan") or the Option Agreement.