SPENDSMART NETWORKS, INC. 4/A
4/A · SPENDSMART NETWORKS, INC. · Filed Jan 30, 2015
Insider Transaction Report
Form 4/AAmended
Hernandez-Ellsworth William M.
President10% Owner
Transactions
- Award
Stock Option
2014-03-19+300,000→ 300,000 totalExercise: $0.87From: 2014-03-19Exp: 2019-03-19→ Common Stock (300,000 underlying) - Award
Stock Options
2014-03-21+450,000→ 450,000 totalExercise: $1.15From: 2014-03-21Exp: 2019-03-21→ Common Stock (450,000 underlying)
Footnotes (4)
- [F1]The exercise price of the options equals the closing price of the Company's common stock as of March 18, 2014.
- [F2]On March 19, 2014, the Reporting Person acquired an option to purchase 300,000 shares of the Company's common stock, which vested as follows: fifty percent of the options vest immediately upon the grant date, with the remaining options vesting fifty percent on the second anniversary of the grant date. Pursuant to an agreement executed by and between the Company and the Reporting Person, the option to purchase 300,000 shares of the Company's common stock became fully vested on January 26, 2015.
- [F3]The exercise price of the options equals the closing price of the Company's common stock as of March 20, 2014.
- [F4]On March 21, 2014, the Reporting Person acquired an option to purchase 450,000 shares of the Company's common stock, which would vest as follows: twenty-five percent of the options vested immediately upon the grant date, with the remaining options vesting twenty-five percent each year thereafter. Pursuant to an agreement executed by and between the Company and the Reporting Person, the option to purchase 450,000 became fully vested on January 26, 2015.