EVOLVING SYSTEMS INC 4
4 · EVOLVING SYSTEMS INC · Filed Mar 14, 2017
Insider Transaction Report
Form 4
THEKKETHALA THOMAS
DirectorPresident
Transactions
- Award
Common Stock
2017-03-10$0.00/sh+225,000$225→ 240,000 total
Holdings
- 64,907(indirect: by Tolima L.P.)
Common Stock
Footnotes (3)
- [F1]This is a grant of restricted stock vesting over a four-year period, with one-fifth vesting on January 1, 2018 and the balance vesting in equal increments beginning in March 2018 through March 2021. Restrictions on 40% of the Award will lapse (shares will vest) based upon achievement by the Company of annual performance targets established by the Board of Directors.
- [F2]Nominal consideration of par value ($.001) per share was paid for the restricted stock.
- [F3]The reporting person is the managing partner of Tolima LP, a Thekkethala family partnership.