Sherman Kevin Charles 4
4 · True Drinks Holdings, Inc. · Filed Jul 6, 2018
Insider Transaction Report
Form 4
Sherman Kevin Charles
Executive Vice President
Transactions
- Disposition to Issuer
Stock Option
2018-07-05−10,238,012Exercise: $0.07From: 2017-09-29Exp: 2022-09-29→ Common Stock (10,238,012 underlying) - Award
Stock Option
2018-07-05+10,238,012→ 10,238,012 totalExercise: $0.03From: 2018-07-05Exp: 2023-01-30→ Common Stock (10,238,012 underlying) - Award
Stock Option
2018-07-05+35,971,988→ 35,971,988 totalExercise: $0.01From: 2018-07-05Exp: 2028-01-30→ Common Stock (35,971,988 underlying)
Footnotes (1)
- [F1]The reported transaction involved the modification of certain outstanding options, resulting in the deemed cancellation of the "old" options and the grant of replacement options with a reduced exercise price of $0.025 per share and extended expiration date, which modifications were approved in advance by the Issuer's Board of Directors on January 30, 2018. The cancellation and subsequent grant were both exempt from Section 16(b) pursuant to Rule 16b-3(e) and Rule 16b-3(d), respectively.