Hanley Angela 4
4 · SUMMER ENERGY HOLDINGS INC · Filed Feb 23, 2018
Insider Transaction Report
Form 4
Hanley Angela
Sr VP of Operations & Mktg
Transactions
- Purchase
Common Stock
2018-02-20$2.50/sh+1,480$3,700→ 93,018 total(indirect: Footnote) - Award
Stock Option (right to buy)
2018-02-20+15,000→ 15,000 totalExercise: $2.50From: 2018-07-01Exp: 2028-02-20→ Common Stock (15,000 underlying)
Footnotes (3)
- [F1]The shares were purchased at a price of $2.5 per share.
- [F2]The reported securities were purchased by NORTHEAST OPCO, LLC, a Texas limited liability company of which the Reporting Person is an officer and control person as well as a 20% owner. The Reporting Person disclaims beneficial ownership of the shares of common stock held by NORTHEAST OPCO, LLC, except to the extent of her pecuniary interest therein. The purchases were made pursuant to a 10b5-1 trading plan adopted by NORTHEAST OPCO, LLC, on June 5, 2017.
- [F3]Options were issued to Reporting Person pursuant to the Reporting Person's employment agreement with the Issuer based on achieving certain performance metrics. Options vest and become exercisable on July 1, 2018.