HOWE ROBERT S 4
4 · Conformis Inc · Filed Feb 19, 2020
Insider Transaction Report
Form 4
Conformis IncCFMS
HOWE ROBERT S
CFO & TREASURER
Transactions
- Award
Stock Option (right to buy)
2020-02-17+125,000→ 125,000 totalExercise: $0.98From: 2021-02-17Exp: 2030-02-17→ Common Stock (125,000 underlying) - Award
Common Stock
2020-02-17+125,000→ 125,000 total
Footnotes (2)
- [F1]Represents an inducement award of restricted stock units to the reporting person in connection with his appointment as CFO and Treasurer. The restricted stock units vest over four years, with 25% of the total number of shares underlying the restricted stock unit award vesting on each one-year anniversary of the grant date, subject to Mr. Howe's continued service as an employee of Conformis through the applicable vesting dates, and are subject to certain forfeiture provisions.
- [F2]Represents an inducement award of a stock option to the reporting person in connection with his appointment as CFO and Treasurer. The option to purchase an aggregate of 125,000 shares of the Issuer's common stock vests over three years, with 25% of the total number of shares underlying the option vesting on the first anniversary of the grant date and an additional 1/48th of the total number of shares underlying the stock option vesting monthly thereafter, subject to Mr. Howe's continued service as an employee of Conformis through the applicable vesting dates, and is subject to certain forfeiture provisions.