Hartman Steven James 4
4 · LOGIQ, INC. · Filed Oct 22, 2021
Insider Transaction Report
Form 4
LOGIQ, INC.LGIQ
Hartman Steven James
Chief Product Officer
Transactions
- Exercise/Conversion
Common Stock
2021-10-14+16,666→ 16,666 total - Exercise/Conversion
Restricted Stock Unit
2021-10-14+16,666→ 83,334 total→ Common Stock (16,666 underlying) - Tax Payment
Common Stock
2021-10-14$2.53/sh−5,764$14,583→ 11,527 total
Footnotes (3)
- [F1]Restricted stock units convert into common stock on a one-for-one basis.
- [F2]The reporting person received 16,666 shares of common stock upon vesting of the Restricted Stock Units, as reported in this Form 4. The reporting person forfeited 5,764 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.