True Drinks Holdings, Inc. 4
4 · True Drinks Holdings, Inc. · Filed Oct 16, 2014
Insider Transaction Report
Form 4
Kerker Daniel R.
CHIEF FINANCIAL OFFICER
Transactions
- Award
Stock Option
2014-10-15+430,043→ 430,043 totalExercise: $0.38Exp: 2021-10-15→ Common Stock (430,043 underlying) - Disposition to Issuer
Stock Option
2014-10-15−430,043→ 0 totalExercise: $0.61Exp: 2015-03-01→ Common Stock (430,043 underlying)
Footnotes (3)
- [F1]Of the shares issuable pursuant to this stock option, 61,435 shares vested on the grant date, 122,870 shares vested on each of March 1, 2013 and 2014, respectively, and the final 122,868 shares are scheduled to vest on March 1, 2015.
- [F2]The Reporting Person agreed to cancellation of the stock option granted to him on March 1, 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, 307,175 are currently vested. The remaining 122,868 shares are scheduled to vest on March 1, 2015.