SPHERIX INC 4
4 · SPHERIX INC · Filed Jan 29, 2014
Insider Transaction Report
Form 4
SPHERIX INCSPEX
Kesner Harvey J
Director
Transactions
- Award
Options
2014-01-25+37,500→ 588,513 totalExercise: $5.83From: 2014-01-28Exp: 2019-01-28→ Common Stock (37,500 underlying) - Award
Options
2014-01-28+300,000→ 588,513 totalExercise: $5.83From: 2014-01-28Exp: 2019-01-28→ Common Stock (300,000 underlying)
Footnotes (6)
- [F1]50% of the 75,000 options granted on January 28, 2014 vest immediately and the remaining 50% shall vest January 28, 2015, provided that Mr. Kesner is not removed as a director for cause.
- [F2]Issued in connection with the Company's January 28, 2014 option grants to each sitting director.
- [F3]Includes 1,013 options issued November 16, 2012, 250,000 options issued October 4, 2013, and 300,000 issued January 28, 2014. Does not include 37,500 and 300,000 options that shall vest January 28, 2015, provided that Mr. Kesner is not removed as a director for cause. If they were included, Mr. Kesner would own 926,016 options.
- [F4]50% of the 600,000 options granted on January 28, 2014 vest immediately and the remaining 50% shall vest January 28, 2015, provided that Mr. Kesner is not removed as a director for cause.
- [F5]Issued as consideration for reaching performance targets in 2013.
- [F6]Includes 1,013 options issued November 16, 2012, 250,000 options issued October 4, 2013, and 37,500 options issued January 28, 2014. Does not include 37,500 and 300,000 options that shall vest January 28, 2015, provided that Mr. Kesner is not removed as a director for cause. If they were included, Mr. Kesner would own 926,016 options.