Williams Rick Alan 4
4 · Daseke, Inc. · Filed May 12, 2020
Insider Transaction Report
Form 4
Daseke, Inc.DSKE
Williams Rick Alan
Chief Operating Officer
Transactions
- Award
Performance Restricted Stock Unit
2020-05-06+453,200→ 453,200 total→ Common Stock (453,200 underlying) - Award
Option (Right to Buy)
2020-05-06+571,500→ 571,500 totalExercise: $1.41Exp: 2030-05-06→ Common Stock (571,500 underlying)
Footnotes (4)
- [F1]The option, representing the right to purchase a total of 571,500 shares of the Company's common stock, vests in three equal installments beginning on May 6, 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 May 6, 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