True Drinks Holdings, Inc. 4
4 · True Drinks Holdings, Inc. · Filed Oct 16, 2014
Insider Transaction Report
Form 4
Lane Timothy
Director
Transactions
- Award
Stock Option
2014-10-15+737,217→ 737,217 totalExercise: $0.38Exp: 2021-10-15→ Common Stock (737,217 underlying) - Disposition to Issuer
Stock Option
2014-10-15−737,217→ 0 totalExercise: $0.61Exp: 2015-08-29→ Common Stock (737,217 underlying)
Footnotes (3)
- [F1]Of the shares issuable pursuant to this stock option, 245,739 shares vested on the grant date, 163,826 shares vested on each of August 29, 2013 and 2014, respectively, and the final 163,826 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, 573,391 are currently vested. The remaining 163,826 shares are scheduled to vest on August 29, 2015.