Spires Richard 4
4 · LEARNING TREE INTERNATIONAL, INC. · Filed Jul 2, 2018
Insider Transaction Report
Form 4
Spires Richard
Director
Transactions
- Award
Stock Option (right to buy)
2018-06-29+25,000→ 625,000 totalExercise: $1.35Exp: 2023-06-29→ Common Stock (25,000 underlying)
Footnotes (4)
- [F1]Exercise price is equal to the mean of the high and low bids of the Company's common stock on the OTCQX on the date of grant.
- [F2]The reporting person received 25,000 incentive stock options (ISOs) granted under the Learning Tree International, Inc. Equity Incentive Plan.
- [F3]10% of the incentive stock options granted vested on the date of grant (June 29, 2018) with the subsequent vesting of 30% of the incentive stock options vesting on each of the one-year, two-year and three-year anniversary of the date of grant, contingent upon continued employment.
- [F4]Mr. Spires' holdings of options of common stock includes 500,000 options with an exercise price of $1.248 granted on October 7, 2015 and 100,000 at an exercise price of $1.19 granted on October 26, 2015.