VAPORIN, INC. 4
4 · VAPORIN, INC. · Filed Mar 6, 2015
Insider Transaction Report
Form 4
VAPORIN, INC.VAPO
Transactions
- Disposition to Issuer
Common Stock
2015-03-04−323,420→ 200,000 total - Disposition to Issuer
Common Stock
2015-03-04−200,000→ 0 total
Footnotes (2)
- [F1]The securities were disposed of pursuant to a merger agreement between the issuer and Vapor Corp. in exchange for 671,803 shares of Vapor Corp. common stock having a market value of $1.10 per share on the effective date of the merger.
- [F2]The securities represent restricted stock units granted under the Issuer's 2014 Equity Incentive Plan. The securities vested quarterly over a three-year term, with the first vesting date being August 31, 2014, subject to continued employment and fully vesting upon a change of control. The securities vested and were disposed of pursuant to a merger agreement between the issuer and Vapor Corp. in exchange for 415,437 shares of Vapor Corp. common stock having a market value of $1.10 per share on the effective date of the merger.