Petro River Oil Corp. 4
4 · Petro River Oil Corp. · Filed Nov 26, 2013
Insider Transaction Report
Form 4
Petro River Oil Corp.PTRC.QB
Alba Ruben
Director
Transactions
- Award
Stock Option (right to purchase)
2013-11-22+12,500,000→ 12,500,000 totalExercise: $0.06Exp: 2023-11-22→ Common stock (12,500,000 underlying)
Footnotes (1)
- [F1]The options will vest in five equal installments, with the first installment vesting on November 22, 2013. The next four installments will vest, subject to certain conditions, on November 22, 2014, November 22, 2015, November 22, 2016, and November 22, 2017, upon the Reporting Person's continuation in service with the Issuer through each of the vesting dates. The contingent vestings are subject to the amendment of the Issuer's 2012 Equity Compensation Plan, approved by a vote of the shareholders of the Issuer, to increase the number of shares permitted to be granted under the Plan, and to put in place a stock option grant limitation in accordance with ss.162(m) of the Internal Revenue Code of 1986, as amended.