MAJESCO ENTERTAINMENT CO 4
4 · MAJESCO ENTERTAINMENT CO · Filed Apr 26, 2016
Insider Transaction Report
Form 4
Stetson John
CFO, EVP, Secretary
Transactions
- Award
Common Stock, par value $0.001
2016-04-25+525,000→ 874,807 total - Award
Option
2016-04-25+525,000→ 525,000 totalExercise: $0.80Exp: 2026-04-25→ Common Stock (525,000 underlying)
Footnotes (3)
- [F1]Represents a restricted stock award (the "Restricted Stock Award") under the Issuer's 2016 Equity Incentive Plan. The Restricted Stock Award vests as follows: 50% vested on the grant date of April 25, 2016, and 50% will vest upon the occurrence of a Qualified Acquisition as defined in the Restricted Stock Award.
- [F2]Represents (i) the Restricted Stock Award, (ii) 49,807 shares of common stock and (iii) a restricted stock award of 300,000 granted pursuant to the 2014 Equity Incentive Plan, which vest at a rate of 1/24 award shares per month beginning September 30, 2015, or upon a Qualified Transaction, as defined in the award.
- [F3]Represents an option award under the Issuer's 2016 Equity Incentive Plan. The options vest as follows: 50% vested on the grant date of April 25, 2016, and 50% vest upon the occurrence of a Qualified Acquisition, as defined in the award.