Miller Carleton M 4
4 · Vislink Technologies, Inc. · Filed Jan 24, 2020
Insider Transaction Report
Form 4
Miller Carleton M
DirectorChief Executive Officer
Transactions
- Award
Option to Purchase (Time-Vested)
2020-01-22+2,155,481→ 2,155,481 totalExercise: $0.28→ Common Stock (2,155,481 underlying) - Award
Option to Purchase (Performance-Vested)
2020-01-22+1,500,000→ 1,500,000 totalExercise: $0.28→ Common Stock (1,500,000 underlying)
Footnotes (2)
- [F1]Pursuant to the Notice of Grant of Stock Option for Performance-Vested Options and Stock Option Agreement by and between the Issuer and the Reporting Person, dated as of January 22, 2020, the Performance-Vested Option vests in three equal tranches of 500,000 shares upon the Issuer's attainment, on or before the fifth anniversary of such date, of specified cumulative EBITDA performance conditions, subject in each case to the Reporting Person's continued employment by the Issuer on the applicable vesting date. These options were granted outside of the Issuer's existing equity compensation plans as an inducement material to the Reporting Person's becoming an employee of the Issuer, in accordance with Nasdaq Listing Rule 5635(c)(4).
- [F2]Pursuant to the Notice of Grant of Stock Option for Time-Vested Options and Stock Option Agreement by and between the Issuer and the Reporting Person, dated as of January 22, 2020, 25% of the Time-Vested Option vests on January 22, 2021 and the remaining 75% vests in substantially equal monthly installments over the 36-month period following such date, subject to the Reporting Person's continued employment by the Issuer on the applicable vesting date. These options were granted outside of the Issuer's existing equity compensation plans as an inducement material to the Reporting Person's becoming an employee of the Issuer, in accordance with Nasdaq Listing Rule 5635(c)(4).