Marathon Patent Group, Inc. 4
4 · Marathon Patent Group, Inc. · Filed Apr 9, 2015
Insider Transaction Report
Form 4
Chernicoff Richard
Director
Transactions
- Award
Option
2015-04-07+280,000→ 280,000 totalExercise: $6.76Exp: 2025-04-07→ Common Stock (280,000 underlying)
Footnotes (1)
- [F1]The options shall vest as follows: 25% of the options shall vest on the 12 month anniversary of the date of grant and thereafter 2.083% on the 21st day of each succeeding calendar month. Notwithstanding anything herein to the contrary, the options shall be subject to the following as an additional condition of vesting: (A) options to purchase 70,000 shares of common stock under the options shall not vest at all unless the price of the common stock while Chernicoff continues as an officer and/or director reach $8.99 and (B) options to purchase 70,000 shares of common stock under the options shall not vest at all unless the price of the common stock while Chernicoff continues as an officer and/or director reach $10.14.