True Drinks Holdings, Inc. 4
4 · True Drinks Holdings, Inc. · Filed Oct 16, 2014
Insider Transaction Report
Form 4
Sherman Kevin Charles
Executive Vice President
Transactions
- Disposition to Issuer
Stock Option
2014-10-15−184,304→ 0 totalExercise: $1.02Exp: 2015-09-01→ Common Stock (184,304 underlying) - Disposition to Issuer
Stock Option
2014-10-15−245,739→ 0 totalExercise: $1.10Exp: 2016-07-01→ Common Stock (245,739 underlying) - Award
Stock Option
2014-10-15+430,043→ 430,043 totalExercise: $0.38Exp: 2021-10-15→ Common Stock (430,043 underlying)
Footnotes (4)
- [F1]Of the shares issuable pursuant to this stock option, 61,435 shares vested on each of September 1, 2013 and 2014, respectively, and the final 61,434 shares are scheduled to vest on September 1, 2015.
- [F2]The Reporting Person agreed to cancellation of the stock options granted to him on September 1, 2012 and July 1, 2013, 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 as the cancelled options and subject to the same vesting schedule as the option granted on September 1, 2102, but with a longer term and lower exercise price.
- [F3]Of the shares issuable pursuant to this stock option, 81,913 shares vested on each of July 1, 2014, and the remaining shares are scheduled to vest in equal installments on July 1, 2015 and July 1, 2016, respectivley.
- [F4]Of the shares issuable pursuant to this stock option, 286,696 are currently vested. The remaining 143,347 shares are scheduled to vest on September 1, 2015.