Zenz Steven R 4
4 · Frankly Inc · Filed Nov 16, 2017
Insider Transaction Report
Form 4
Frankly IncFKLY
Zenz Steven R
Director
Transactions
- Disposition to Issuer
Restricted stock units convertible into common shares
2017-11-03−5,000→ 2,943 total→ Common Shares (5,000 underlying) - Award
Restricted stock units convertible into common shares
2017-11-03+45,533→ 48,476 total→ Common Shares (45,533 underlying)
Footnotes (3)
- [F1]Each RSU represents a contingent right to receive one common share of the Issuer.
- [F2]The RSUs shall become vested pro-rata on the following schedule: (a) one-quarter (9,572 RSUs) on December 31, 2017, (b) one-quarter (9,572 RSUs) on March 31, 2018, (c) one-quarter (9,572 RSUs) on June 30, 2018, and (d) one-quarter (9,571 RSUs) on September 30, 2018. The remaining 7,246 RSUs shall become vested on the earlier of: (a) March 31, 2018, or (b) the conclusion of the Company's Strategic Process, which shall be the date that the Company's Board dissolves the Strategic Process Committee.
- [F3]Not applicable.