Cumming Stephen 4
4 · Edgio, Inc. · Filed Aug 24, 2022
Insider Transaction Report
Form 4
Edgio, Inc.EGIO
Cumming Stephen
Chief Financial Officer
Transactions
- Award
Common Stock
2022-08-22+376,761→ 376,761 total - Award
Non-qualified stock option (Right to Buy)
2022-08-22+587,427→ 587,427 totalExercise: $3.51From: 2023-08-22Exp: 2032-08-21→ Common Stock (587,427 underlying)
Footnotes (4)
- [F1]Reporting Person received an aggregate of 376,761 RSUs. Subject to the provisions of the Amended and Restated 2007 Equity Incentive Plan and Reporting Person's employment and restricted stock unit agreements with the Company, one-fourth (1/4) of the RSUs will vest on September 1, 2023, and the remaining three-fourths (3/4) will vest on the first day of each December, March, June, and September in equal quarterly installments thereafter for three additional years, provided Executive continues to be a Service Provider through each such vesting date.
- [F2]$0.00 is used for technical reasons as there is no price for this security until it vests in the case of RSUs, or until it is exercised in the case of stock options.
- [F3]This includes 376,761 unvested restricted stock units.
- [F4]Reporting Person received an aggregate of 587,427 stock options. Subject to the provisions of the Amended and Restated 2007 Equity Incentive Plan and Reporting Person's employment and stock option agreements with the Company, one-fourth (1/4) of the Options will vest on August 22, 2023, and the remaining three-fourths (3/4) will vest on the 22nd day of September and on the same day of each month thereafter until all of the stock options have vested, thirty-six (36) consecutive months, provided Executive continues to be a Service Provider through each such vesting date.