Petro River Oil Corp. 4
4 · Petro River Oil Corp. · Filed Dec 2, 2013
Insider Transaction Report
Form 4
Petro River Oil Corp.PTRC.QB
Smith Daniel
Director
Transactions
- Award
Stock Option (right to purchase)
2013-11-27+12,500,000→ 12,500,000 totalExercise: $0.06Exp: 2023-11-27→ Common Stock (12,500,000 underlying)
Footnotes (1)
- [F1]The options will vest in five equal installments, with the first installment vesting on November 27, 2013. The next four installments will vest on November 27, 2014, November 27, 2015, November 27, 2016, and November 27, 2017, subject to the following conditions: (i) the adoption by the Issuer of an 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; and (ii) the Reporting Person's continued employment with the Issuer.