True Drinks Holdings, Inc. 4
4 · True Drinks Holdings, Inc. · Filed Oct 16, 2014
Insider Transaction Report
Form 4
Imbrogno Louis
Director
Transactions
- Disposition to Issuer
Stock Option
2014-10-15−368,609→ 0 totalExercise: $0.61Exp: 2015-08-29→ Common Stock (368,609 underlying) - Award
Stock Option
2014-10-15+368,609→ 368,609 totalExercise: $0.38Exp: 2021-10-15→ Common Stock (368,609 underlying)
Footnotes (3)
- [F1]Of the shares issuable pursuant to this stock option, 122,870 shares vested on the grant date, 81,913 shares vested on each of August 29, 2013 and 2014, respectively, and the final 81,913 shares are scheduled to vest on August 29, 2015.
- [F2]The Reporting Person agreed to cancellation of the stock option granted to him on August 29, 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, 286,696 are currently vested. The remaining 81,913 shares are scheduled to vest on August 29, 2015.