Saunders Shelly 4
4 · Eastside Distilling, Inc. · Filed Oct 17, 2018
Insider Transaction Report
Form 4
Saunders Shelly
Director
Transactions
- Award
Restricted Stock Units
2018-10-15From: 2018-12-31Exp: 2019-09-30→ Common Stock - Award
Stock Options (right to buy)
2018-10-15+5,000→ 5,000 totalExercise: $7.87From: 2018-10-15Exp: 2028-10-15→ Common Stock (5,000 underlying)
Footnotes (3)
- [F1]The options are immediately exercisable.
- [F2]Each restricted stock unit ("RSU") is the economic equivalent of one share of Eastside Distilling, Inc. common stock. The closing price of EAST on the October 15, 2018 award date was $7.87.
- [F3]The RSUs will vest in four quarterly $5,000 installments (for a total of $20,000) on the last day of each quarter, beginning on December 31, 2018 and continuing through and including September 30, 2019, the exact number of shares to be issued on each vesting date to be calculated based upon the closing price of the Issuer's common stock on such date, subject to continued service with the Issuer o each respective vesting date.