True Drinks Holdings, Inc. 4
4 · True Drinks Holdings, Inc. · Filed Oct 16, 2014
Insider Transaction Report
Form 4
Lance Leonard
DirectorCHIEF EXECUTIVE OFFICER
Transactions
- Disposition to Issuer
Stock Option
2014-10-15−1,228,695→ 0 totalExercise: $0.61Exp: 2015-07-15→ Common Stock (1,228,695 underlying) - Award
Stock Option
2014-10-15+1,228,695→ 1,228,695 totalExercise: $0.38Exp: 2021-10-15→ Common Stock (1,228,695 underlying)
Footnotes (3)
- [F1]Of the shares issuable pursuant to this stock option, 307,174 shares vested on the grant date, 368,609 shares vested on July 12, 2014, and the final 552,912 shares are scheduled to vest on July 12, 2015.
- [F2]The Reporting Person agreed to cancellation of the stock option granted to him on July 12, 2012, in exchange for a new option issued on October 15, 2014 pursuant to the Issuer's 2013 Stock Incentive Plan, which option is exercisable for the same number of shares and subject to the same vesting schedule, but with a longer term and lower exercise price.
- [F3]Of the shares issuable pursuant to this stock option, 675,783 are currently vested. The remaining 552,912 shares are scheduled to vest on July 12, 2015.