Easter Christopher R. 4
4 · Daseke, Inc. · Filed Apr 22, 2020
Insider Transaction Report
Form 4
Daseke, Inc.DSKE
Easter Christopher R.
Chief Operating Officer
Transactions
- Award
Option (Right to Buy)
2020-04-20+652,200→ 652,200 totalExercise: $1.38Exp: 2030-04-20→ Common Stock (652,200 underlying) - Award
Performance Restricted Stock Unit
2020-04-20+755,400→ 755,400 total→ Common Stock (755,400 underlying)
Footnotes (4)
- [F1]The option, representing the right to purchase a total of 652,200 shares of the Issuer's common stock, vests in three equal one-third installments on each of the first, second and third anniversaries of the date of grant, beginning on April 20, 2021.
- [F2]Each performance restricted stock unit ("PSU") represents a contingent right to receive one share of the Issuer's common stock.
- [F3]The awarded PSUs (the "Award") shall only be deemed fully vested when it has met both time- and performance-vesting conditions. The number of PSUs represent a target amount. The Award shall time-vest with respect to the total number of PSUs subject to the Award on April 20, 2023 (such three-year period following the grant date, the "Performance Period"). The Award shall performance-vest as follows: (i) one-third of the Award will vest upon the Issuer's common stock price equaling or exceeding $4.00 for any 20 out of 30 consecutive trading days during the Performance Period, (ii) one-third of the Award will vest upon the Issuer's common stock price equaling or exceeding $6.00 for any 20 out of 30 consecutive trading days during the Performance Period, and (iii) one-third of the Award will vest upon the Issuer's common stock price equaling or exceeding $9.00 for any 20 out of 30 consecutive trading days during the Performance Period.
- [F4]Not Applicable