MAJESCO ENTERTAINMENT CO 4
4 · MAJESCO ENTERTAINMENT CO · Filed Apr 27, 2016
Insider Transaction Report
Form 4
Beeghley Michael Martin
Director
Transactions
- Award
Common Stock, par value $0.001
2016-04-25+31,250→ 81,250 total - Award
Option
2016-04-25+31,250→ 31,250 totalExercise: $0.80Exp: 2026-04-25→ Common Stock (31,250 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 and (ii) a restricted stock award of 50,000 granted pursuant to the 2014 Equity Incentive Plan, which vest at a rate of 1/24 award shares per month beginning on September 30, 015, 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.