Arani Ramin 4
4 · LiveXLive Media, Inc. · Filed Nov 13, 2019
Insider Transaction Report
Form 4
Arani Ramin
Director
Transactions
- Award
Restricted Stock Units
2019-10-30+57,471→ 57,471 total→ Common Stock, $0.001 par value (57,471 underlying)
Footnotes (1)
- [F1]The Restricted Stock Units (the "RSUs") were granted to the Reporting Person in connection with the Reporting Person's appointment to Issuer's board of directors (the "Board"). The RSUs shall vest on November 30, 2020 (the "Vesting Date"), subject to the Reporting Person's continued service on the Board through the Vesting Date. Each RSU represents a contingent right to receive one share of the Issuer's common stock or the cash value thereof. The Board, in its sole discretion, will determine in accordance with the terms and conditions of the Issuer's 2016 Equity Incentive Plan, as amended, the form of payout of the RSUs (cash and/or stock). The Reporting Person shall have the option to defer the settlement of the RSUs until the earlier of such time as the Reporting Person is no longer serving on the Board or four years from the date of issuance.