Jin H.P. 4
4 · Telenav, Inc. · Filed Sep 23, 2019
Insider Transaction Report
Form 4
Telenav, Inc.TNAV
Jin H.P.
DirectorPres,CEO & Chair. of the Board
Transactions
- Award
Restricted Stock Unit
2019-09-19+380,000→ 380,000 total→ Common Stock (380,000 underlying)
Footnotes (2)
- [F1]Each restricted stock unit represents a contingent right to receive one share of Telenav, Inc.'s common stock.
- [F2]Each RSU is earned based on achievement of pre-determined appreciation in the per share price for the issuer's common stock, measured by the average of the issuer's closing share price over trailing 30-trading days (a "PC"). 50% of the RSUs subject to the applicable PC vests on the later of (i) November 1, 2020 or (ii) the date on which the compensation committee of the issuer's board of directors determines that the applicable PC has been achieved. The remaining 50% of the RSUs subject to such PC vest one year following the achievement of such PC. To the extent a PC is not met on or prior to September 19, 2022, the unvested portion of the RSU applicable to that PC is cancelled. Vesting and delivery of RSUs subject to the award are subject to the Reporting Person's continued service to the issuer through such respective date.