Jenny Kara B 4
4 · PeerStream, Inc. · Filed Dec 11, 2019
Insider Transaction Report
Form 4
PeerStream, Inc.PEER
Jenny Kara B
DirectorChief Financial Officer
Transactions
- Award
Stock Option (Right to Buy)
2019-12-09+75,000→ 75,000 totalExercise: $1.78From: 2020-12-09Exp: 2029-12-08→ Common Stock (75,000 underlying)
Footnotes (1)
- [F1]The stock option was granted pursuant to a stock option agreement dated December 9, 2019 (the "Option Agreement"). The shares underlying this stock option will vest and become exercisable in four equal annual installments beginning on the first anniversary of the date of grant, as long as the reporting person is providing services to PeerStream, Inc. on such dates; provided, that upon the effective date of a "change in control" (as defined in the PeerStream, Inc. 2016 Long-Term Incentive Plan), 50% of the then-unvested shares immediately will vest on the date of the change in control and the remaining 50% of the then-unvested shares will vest on the earlier of (i) the original date such shares would have vested or (ii) on the first and second anniversaries of the effective date of the change in control in equal installments, in each case subject to the terms and conditions of the Option Agreement.