Billings Paul 4
4 · MetaStat, Inc. · Filed Nov 21, 2017
Insider Transaction Report
Form 4
MetaStat, Inc.MTST
Billings Paul
Director
Transactions
- Exercise/Conversion
Restricted Stock Unit
2017-10-11+50,000→ 50,000 total→ Common Stock (50,000 underlying)
Footnotes (2)
- [F1]Each restricted stock unit represents a contingent right to receive, at settlement, one share of the Company's common stock.
- [F2]The restricted stock units were granted on October 11, 2017 and will vest for active service as follows: (a) 12,500 shares on January 11, 2018, (b) 12,500 shares on April 11, 2018, (c) 12,500 shares on July 11, 2018, and (d) 12,500 shares on October 11, 2018. Vested restricted stock units settle on the October 11, 2020, unless accelerated due to departure from the Company's board of directors or a change of control.