Hargrave Marjorie Anne 4
4 · Enservco Corp · Filed Jul 26, 2019
Insider Transaction Report
Form 4
Enservco CorpENSV
Hargrave Marjorie Anne
Chief Financial Officer
Transactions
- Award
Common Stock
2019-07-24+330,000→ 330,000 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) 165,000 shares are subject to time vesting in equal amounts on each of January 23, 2020, January 23, 2021, and January 23, 2022; and (ii) 165,000 shares are subject to performance vesting upon the Company achieving the following performance goals: (x) 99,000 shares vest upon the Company's common stock achieving a 90-day moving average price of at least $1.85 per share, adjusted for stock splits; and (y) 66,000 shares vest upon the Company achieving a ratio of trailing twelve month EBITDA to debt (defined as the principal balance of borrowings) of 1.0 to 1.5, in each case subject to Ms. Hargrave's continued employment by the Company.