DEMAND MEDIA INC. 4
4 · DEMAND MEDIA INC. · Filed Feb 12, 2016
Insider Transaction Report
Form 4
Stern Mitchell
Director
Transactions
- Award
Common Stock, $.0001 par value
2016-02-10+16,704→ 16,704 total - Award
Stock Option (right to buy)
2016-02-10+33,524→ 33,524 totalExercise: $4.49Exp: 2026-02-10→ Common Stock (33,524 underlying)
Footnotes (3)
- [F1]In connection with Mr. Stern's appointment to the Company's board of directors (the "Board") on February 10, 2016, and pursuant to the Company's Outside Director Compensation Program, as updated in February 2016, Mr. Stern was granted 16,704 restricted stock units ("RSUs"). Each RSU represents the right to receive one share of the Company's common stock upon vesting. Subject to Mr. Stern's continued service on the Board through the applicable vesting date, 4,176 of these RSU's will vest on February 10, 2017 and the remaining 12,528 RSUs will vest in eight (8) substantially equal installments on each three month anniversary of February 10, 2017 thereafter.
- [F2]Includes 16,704 unvested RSUs.
- [F3]In connection with Mr. Stern's appointment to the Board on February 10, 2016, and pursuant to the Company's Outside Director Compensation Program, as updated in February 2016, Mr. Stern was granted a nonqualified stock option covering 33,524 shares of the Company's common stock. Subject to Mr. Stern's continued service on the Board through the applicable vesting date, approximately one-third (1/3) of the shares subject to this stock option shall vest and become exercisable on February 10, 2017, and an additional 1/36th of the shares subject to the stock option shall vest and become exercisable on each monthly anniversary of February 10, 2017.