COHANE NEAL 4
4 · REED'S, INC. · Filed May 28, 2020
Insider Transaction Report
Form 4
REED'S, INC.REED
COHANE NEAL
SVP SALES
Transactions
- Award
stock option
2020-05-20+200,000→ 200,000 totalExercise: $0.70Exp: 2030-05-20→ common stock (200,000 underlying)
Footnotes (2)
- [F1]On-half of the stock option award is time based, vesting in equal increments on the first, second, third and fourth anniversaries of the date of grant. The remainder vests as follows: options to purchase up to 21,370 shares on March 28, 2021, options to purchase up to 28,630 shares on March 28, 2022, and options to purchase up to 25,000 shares on each of March 28, 2023 and March 28, 2024, contingent upon the executive's achievement of performance goals set by the board, in its sole discretion. The exercise per share is $0.70. The award is subject to the terms and conditions of the Reed's Inc. 2017 Second Amended and Restated Incentive Compensation Plan, the award agreement and applicable laws.
- [F2]Stock option award