DETERMINE, INC. 4
4 · DETERMINE, INC. · Filed Feb 25, 2016
Insider Transaction Report
Form 4
DETERMINE, INC.DTRM
Nolan John K
Chief Financial Officer
Transactions
- Award
Stock Option (Right to buy)
2016-02-23+150,000→ 250,000 totalExercise: $1.64Exp: 2026-02-23→ Common Stock (150,000 underlying)
Footnotes (1)
- [F1]The Stock Option will vest over a 48 month period starting on February 23, 2016 with 1/4 of the shares vesting on February 23, 2017 and the remaining shares vesting in 36 equal monthly installments thereafter. The Stock Option was granted under the Issuer's 2015 Equity Incentive Plan. 90,000 shares of Common Stock underlying the Stock Option cannot be exercised by the Reporting Person prior to obtaining approval by the Issuer's stockholders, and such 90,000 shares of Common Stock underlying the Stock Option will be cancelled if such stockholder approval is not obtained.