DIGITAL POWER CORP 4
4 · DIGITAL POWER CORP · Filed Feb 2, 2017
Insider Transaction Report
Form 4
KOHN AMOS
DirectorPresident and CEO
Transactions
- Award
Options
2016-11-22+1,000,000→ 0 totalExercise: $0.65Exp: 2026-11-03→ Common Stock (1,000,000 underlying) - Disposition to Issuer
Options
2016-11-22−385,000→ 1,000,000 totalExercise: $0.00From: 2017-01-28Exp: 2017-01-28→ Common Stock (385,000 underlying)
Footnotes (2)
- [F1]Pursuant to an employment agreement entered into on November 30, 2016 and reported on Form 8-K, effective November 3, 2106. Mr. Kohn was granted options to purchase 1,000,000 shares of common stock. The options have the following vesting schedule: 500,000 shares of Common Stock shall vested on September 22, 2016; (2) options to purchase 250,000 shares of Common Stock vest ratably over six months beginning October 2016; and (3) options to purchase 250,000 shares of common stock shall vest ratably over twelve months beginning October 2016.
- [F2]In consideration of the option grant above, 535,000 options previously granted were forfeited.