4//SEC Filing
Mandel Alexander 4
Accession 0001437749-19-024538
CIK 0001460329other
Filed
Dec 16, 7:00 PM ET
Accepted
Dec 17, 4:26 PM ET
Size
9.1 KB
Accession
0001437749-19-024538
Insider Transaction Report
Form 4
Fluent, Inc.FLNT
Mandel Alexander
Chief Financial Officer
Transactions
- Purchase
Common Stock
2019-12-13$2.10/sh+17,056$35,744→ 17,056 total
Holdings
- 308,000
Stock Option
Exercise: $4.72From: 2020-02-01Exp: 2029-02-01→ Common Stock (308,000 underlying) - 75,000
Common Stock
- 175,000
Common Stock
Footnotes (5)
- [F1]Represents the average purchase of the acquired shares. The highest price at which a purchase was made is $2.12; the lowest price at which a purchase was made is $2.07. The Reporting Person undertakes to provide the Issuer, any security holder or the staff of the Securities & Exchange Commission upon request full information regarding the number of shares purchased at each separate price with the ranges set forth in this footnote.
- [F2]On February 1, 2019, the Reporting Person received a grant of 75,000 restricted stock units ("RSUs") under the Issuer's 2015 Stock Incentive Plan. Subject to continuing service, the RSUs will vest in three equal annual installments, beginning on February 1, 2020.
- [F3]If the Reporting Person's employment is terminated by the Issuer without cause (as defined in the Reporting Person's Employment Agreement), if the term of the Reporting Person's employment expires after a notice of non-renewal is delivered by the Issuer or if the Reporting Person terminates his employment for good reason (as defined in the Reporting Person's Employment Agreement), any RSUs that were scheduled to vest within one year after the date of termination (if employment had continued) shall become immediately vested.
- [F4]On February 1, 2019, the Reporting Person received a grant of 175,000 RSUs under the Issuer's 2018 Stock Incentive Plan. Subject to continuing service, the RSUs will vest in four equal annual installments, beginning on February 1, 2021.
- [F5]Beginning February 1, 2020, subject to continuing service, 50% of the Stock Option Grants will vest if the Issuer's stock price remains above $5.90 per share for 20 consecutive trading days, and the remaining 50% of the Stock Option Grants will vest if the Issuer's stock price remains above $7.375 per share for 20 consecutive trading days. Any Stock Option Grants that remain unvested as of February 1, 2024 will vest in full on such date.
Documents
Issuer
Fluent, Inc.
CIK 0001460329
Entity typeother
Related Parties
1- filerCIK 0001555382
Filing Metadata
- Form type
- 4
- Filed
- Dec 16, 7:00 PM ET
- Accepted
- Dec 17, 4:26 PM ET
- Size
- 9.1 KB