DIGITAL POWER CORP 4
4 · DIGITAL POWER CORP · Filed Mar 6, 2017
Insider Transaction Report
Form 4
KOHN AMOS
DirectorPresident and CEO
Transactions
- Award
Warrant
2017-02-22+317,460→ 1,317,460 totalExercise: $0.01Exp: 2026-11-30→ Common Stock (317,460 underlying)
Footnotes (1)
- [F1]On February 22, 2017, the Company and Amos Kohn agreed to amend his November 30, 2016 employment agreement to clarify that Mr. Kohn will receive a warrant, subject to vesting, to purchase 317,460 shares of common stock at a $0.01 per share in lieu of the issuance of a one-time restricted stock signing bonus. The warrant shall be subject to vesting of which warrants to purchase 39,682 shares shall vest beginning on January 1, 2017, and on the first date of each quarter thereafter (i.e., April 1, July 1, and October 1) through July 1, 2018, with warrants to purchase 39,686 shares to vest on October 1, 2018.