Furukawa Tom 4
4 · LOGIQ, INC. · Filed Oct 22, 2021
Insider Transaction Report
Form 4
LOGIQ, INC.LGIQ
Furukawa Tom
CHIEF EXECUTIVE OFFICER
Transactions
- Exercise/Conversion
Restricted Stock Units
2021-10-14−33,333→ 133,334 total→ Common Stock (33,333 underlying) - Exercise/Conversion
Common Stock
2021-10-14+33,333→ 86,255 total - Tax Payment
Common Stock
2021-10-14$2.53/sh−11,527$29,163→ 74,728 total
Footnotes (3)
- [F1]Restricted stock units convert into common stock on a one-for-one basis.
- [F2]The reporting person received 33,333 shares of common stock upon vesting of the Restricted Stock Units, as reported in this Form 4. The reporting person forfeited 11,527 shares of common stock underlying the vested and outstanding Restricted Stock Units to cover tax withholdings, using the market price of the issuer's common stock at the time of forfeiture.
- [F3]Prior to the Initial Vesting Date, the Vested Ratio shall be zero. On the Initial Vesting Date, the Vested Ratio shall be 1/6, provided the Grantee's service has not been terminated prior to the Initial Vesting Date. For each 6 month period of Grantee service from the Initial Vesting Date until the Vested Ratio equals 1/1, the Vested Ratio shall be increased by 1/6. This Restricted Stock Unit will be fully vested after three (3) years of service.