BEBEL MICHAEL J 4
4 · LiveXLive Media, Inc. · Filed Jun 29, 2018
Insider Transaction Report
Form 4
BEBEL MICHAEL J
EVP - Corp Devel & Rights Mgmt
Transactions
- Award
Stock Option (Right to Buy)
2018-06-27+350,000→ 350,000 totalExercise: $4.00Exp: 2028-03-11→ Common Stock (350,000 underlying)
Footnotes (3)
- [F1]These options were granted to the Reporting Person effective as of March 11, 2018 pursuant to the approval of the Issuer's board of directors on January 31, 2018. The Issuer was unable to execute the Option Agreement (as defined below) with the Reporting Person until June 27, 2018 due to unintentional administrative delays.
- [F2]These options were granted to the Reporting Person pursuant to that certain Stock Option Agreement (the "Option Agreement"), dated as of June 27, 2018, and effective as of March 11, 2018 (the "Effective Date"). The options shall vest in three equal increments, with the first tranche of the options vesting on the 12-month anniversary of the Effective Date, with an additional one-third of the options vesting every twelfth month thereafter through the date that is three years after the Effective Date. Each tranche of the options shall become exercisable on the earlier of (i) one year after the date such tranche shall vest, (ii) the second anniversary of the Effective Date, or (iii) the earliest date vested equity awards become exercisable or transferable for similarly situated executives of the Issuer, subject to the terms of the 2016 Plan.
- [F3]These options expire 10 years from the Effective Date, unless terminated sooner in accordance with the Issuer's 2016 Equity Incentive Plan (the "2016 Plan") or the Option Agreement.