Colhoun Trevor L 4
4 · SALON MEDIA GROUP INC · Filed Sep 8, 2017
Insider Transaction Report
Form 4
SALON MEDIA GROUP INCSLNM.OB
Colhoun Trevor L
Director10% Owner
Transactions
- Award
Stock Options
2017-09-06+1,153,846→ 1,153,846 totalExercise: $0.13Exp: 2027-09-06→ Common Stock (1,153,846 underlying)
Footnotes (3)
- [F1]Stock options granted pursuant to Salon Media Group, Inc. 2014 Stock Plan, filed as an exhibit to Salon Media Group, Inc.'s Form 10-K on June 26, 2014.
- [F2]Mr. Colhoun was granted an option to purchase up to 1,153,846 shares of Common Stock on September 6, 2017. 25% of the option shares become exercisable one year from the date Mr. Colhoun's board service began, and then ratably over the following 36 months (1/48 per month).
- [F3]Mr. Colhoun is Managing Partner at Spear Point Capital Management, LLC, which owns 443,203 shares of Series A Mandatorily Convertible Stock, which converts into 44,320,300 shares of Common Stock.