Hoffner Jordan Jon 4
4 · SALON MEDIA GROUP INC · Filed Sep 8, 2017
Insider Transaction Report
Form 4
SALON MEDIA GROUP INCSLNM.OB
Hoffner Jordan Jon
DirectorChief Executive Officer
Transactions
- Award
Stock Option
2017-09-06+31,260,505→ 60,031,323 totalExercise: $0.13Exp: 2027-09-06→ Common Stock (31,260,505 underlying) - Award
Stock Option
2017-09-06+336,538→ 60,367,861 totalExercise: $0.13Exp: 2027-09-06→ Common Stock (336,538 underlying)
Footnotes (4)
- [F1]Stock option granted pursuant to Salon Media Group, Inc. 2014 Stock Plan, filed as an exhibit to Salon Media Group, Inc.'s Form 10-K filed on June 26, 2014.
- [F2]Mr. Hoffner was granted an option to purchase up to 31,260,505 shares of Common stock on September 6, 2017, which vests as to 25% of the option shares one year from the date of grant and then ratably over the following 36 months (1/48 per month).
- [F3]Mr. Hoffner was granted an option to purchase up to 336,538 shares of Common Stock on September 6, 2017, which vests fully on the date of grant.
- [F4]In addition to the options granted on September 6, 2017, Mr. Hoffner also holds 12,654,318 Employee Stock Options granted in 2016, an option to purchase 654,700 shares of Common stock from William Hambrecht on 1/18/2017, and 161,165 shares of Series A Mandatorily Convertible Preferred Stock that will convert into 16,116,500 shares of Common Stock .