Cohen Assaf 4
4 · ON TRACK INNOVATIONS LTD · Filed Dec 6, 2021
Insider Transaction Report
Form 4
Cohen Assaf
Chief Financial Officer
Transactions
- Disposition to Issuer
Stock Option (right to buy)
2021-12-02−20,000→ 0 totalExercise: $0.84→ Ordinary Shares (20,000 underlying) - Disposition to Issuer
Stock Option (right to buy)
2021-12-02−100,000→ 0 totalExercise: $0.38→ Ordinary Shares (100,000 underlying) - Disposition to Issuer
Stock Option (right to buy)
2021-12-02−50,000→ 0 totalExercise: $0.22→ Ordinary Shares (50,000 underlying) - Disposition to Issuer
Stock Option (right to buy)
2021-12-02−15,000→ 0 totalExercise: $1.21→ Ordinary Shares (15,000 underlying) - Award
Ordinary Shares
2021-12-02+400,000→ 400,000 total
Footnotes (3)
- [F1]Upon vesting of such ordinary shares, as described in Note 2 below, the Reporting Person shall be required to pay the par value of the shares no longer subject to restriction of NIS 0.1.
- [F2]The ordinary shares vest as follows: (i) 50,000 shares will vest in two equal instalments on each of 12/02/2022 and 12/02/2023; and (ii) 350,000 shares will vest in three equal instalments on each of 12/02/2022, 12/02/2023 and 12/02/2024, all subject to the terms and provisions of the Issuer's 2021 equity incentive plan.
- [F3]The options were disposed of to the Issuer according to the Reporting Person's consent to the cancellation thereof in connection with the grant of the ordinary shares listed in Table I.