GARDNER DANIELSON B. 4
4 · S&W Seed Co · Filed Sep 4, 2018
Insider Transaction Report
Form 4
S&W Seed CoSANW
GARDNER DANIELSON B.
VP Breeding and Genetics
Transactions
- Award
Restricted Stock Units
2018-08-31+4,922→ 4,922 totalFrom: 2018-10-01→ Common Stock (4,922 underlying) - Award
Employee Stock Options (right to buy)
2018-08-31+13,125→ 13,125 totalExercise: $3.20From: 2018-10-01Exp: 2028-08-31→ Common Stock (13,125 underlying)
Footnotes (4)
- [F1]Each restricted stock unit ("RSU") represents the contingent right to receive one share of common stock upon vesting of that RSU. The closing price of the Issuer's common stock on the date of this RSU award was $3.20.
- [F2]The RSUs vest quarterly over three years on the first day of each fiscal quarter, commencing on October 1, 2018 and continuing thereafter on the first day of each succeeding fiscal quarter through and including July 1, 2021, subject to continued service with the Issuer on each respective vesting date. Of the quarterly vesting installments, 11 will vest an aggregate of 410 RSUs, and the 12th installment will vest an aggregate of 412 RSUs.
- [F3]The RSUs and options were granted pursuant to the Issuer's Amended and Restated 2009 Equity Incentive Plan.
- [F4]The options vest in 12 quarterly installments over three years, commencing on October 1, 2018 and continuing thereafter on the first day of each succeeding fiscal quarter through and including July 1, 2021, subject to continued service with the Issuer on each respective vesting date. Of the quarterly vesting installments, 11 will vest an aggregate of 1,093 options, and the 12th installment will vest an aggregate of 1,102 options.