LEARNING TREE INTERNATIONAL, INC. 4
4 · LEARNING TREE INTERNATIONAL, INC. · Filed Oct 9, 2015
Insider Transaction Report
Form 4
Spires Richard
Director
Transactions
- Award
Stock Option (right to buy)
2015-10-07+500,000→ 500,000 totalExercise: $1.25Exp: 2025-10-07→ Common Stock (500,000 underlying)
Footnotes (3)
- [F1]Exercise price is equal to the average closing price for the five trading days prior to the date of grant.
- [F2]The reporting person received 300,000 incentive stock options (ISOs) and 200,000 nonqualified stock options (NQOs) for a total of 500,000 options. All stock options have the same exercise price and vesting schedule.
- [F3]The options vest in four equal annual installments of 125,000 options (75,000 ISOs and 50,000 NQOs) on 10/7/2016, 10/7/2017, 10/7/2018 and 10/7/2019.