RIGHTSCORP, INC. 4
4 · RIGHTSCORP, INC. · Filed Mar 21, 2017
Insider Transaction Report
Form 4
RIGHTSCORP, INC.RIHT
KYTE CECIL
CFO
Transactions
- Award
Options (Right to Buy
2017-03-20+3,000,000→ 3,000,000 totalExercise: $0.05From: 2017-03-20Exp: 2020-06-01→ Common Stock (3,000,000 underlying) - Award
Common Stock
2017-03-20+5,000,000→ 7,000,000 total - Award
Options (Right to buy)
2017-03-20+5,000,000→ 5,000,000 totalExercise: $0.05From: 2017-03-20Exp: 2027-02-14→ Common Stock (5,000,000 underlying)
Footnotes (2)
- [F1]1,000,000 of such options vest immediately and the remaining 4,000,000 of which will vest monthly in 48 equal monthly installments (each of 83,333 options) commencing on February 14, 2018.
- [F2]Pursuant to Mr. Kyte's employment agreement, these options were amended to reduce the exercise price to $0.05 and such that any of such options that had not yet vested would vest immediately.