Bradford Dustin Riley 4
4 · Enservco Corp · Filed Jun 18, 2018
Insider Transaction Report
Form 4
Enservco CorpENSV
Bradford Dustin Riley
Chief Accounting Officer
Transactions
- Award
Common Stock
2018-06-14+175,000→ 205,000 total
Footnotes (1)
- [F1]Shares acquired pursuant to a grant of restricted stock under the Company's 2016 Stock Incentive Plan. Shares vest as follows: (i) 75,000 shares are subject to time vesting in equal amounts on each of the first three anniversaries of December 31, 2017; and (ii) 100,000 shares are subject to performance vesting upon the Company achieving the following performance goals: (x) 60,000 shares vest upon the Company's common stock achieving a 90-day moving average price of at least $2.25 per share, adjusted for stock splits and distributions of equity (if any) and (y) 40,000 shares vest upon the Company achieving a ratio of trailing twelve month EBITDA to debt (defined as the principal balance of borrowings) of 1.50 to 1.00; in each case subject to Mr. Bradford's continued employment with the Company.