PETERMAN TIM 4
4 · iMedia Brands, Inc. · Filed Jul 15, 2020
Insider Transaction Report
Form 4
PETERMAN TIM
Chief Financial Officer
Transactions
- Exercise/Conversion
Performance Stock Units
2020-05-02−22,666→ 45,334 totalExp: 2029-05-02→ Common Stock (22,666 underlying) - Exercise/Conversion
Common Stock
2020-05-02+22,666→ 127,322 total - Award
Common Stock
2020-07-13+73,728→ 201,050 total
Footnotes (4)
- [F1]Reflects the issuance of IMBI common stock upon vesting of performance stock units ("PSUs"). Each PSU granted at that time represented a contingent right to receive one share of IMBI stock.
- [F2]Restricted Stock Units that vest as to one-third of the units on each of the first three anniversaries of the date of grant.
- [F3]This is the first of three vesting installments of PSUs granted to the reporting person on May 2, 2019. The remaining shares from such grant shall vest as follows: second tranche when the per-share closing price of the issuer's common stock reaches or exceeds an average trading price of $2.00 for 20 consecutive trading days and the reporting person has been continuously employed for at least one year from the grant date, and the remaining shares when the per-share closing price of the issuer's common stock reaches or exceeds an average trading price of $4.00 for 20 consecutive trading days and the reporting person has been continuously employed for at least two years after the grant date, and is otherwise subject to the terms and conditions of the applicable award agreement.
- [F4]After taking into account the 1-for-10 reverse stock split effective December 11, 2019.