4//SEC Filing
SCHROEDER ROBERT C 4
Accession 0001493152-20-017670
CIK 0001321834other
Filed
Sep 10, 8:00 PM ET
Accepted
Sep 11, 6:24 PM ET
Size
6.3 KB
Accession
0001493152-20-017670
Insider Transaction Report
Form 4
SCHROEDER ROBERT C
Director
Transactions
- Award
Restricted Stock Unit
2020-09-11+87,860→ 87,860 total→ Common Stock (87,860 underlying)
Footnotes (2)
- [F1]Each restricted stock unit ("RSU") represents a contingent right to receive one share of common stock of Akers Biosciences, Inc. (the "Company"). The Company may also elect to settle the vested RSUs for cash at its discretion.
- [F2]Reporting Person was granted 87,860 RSUs under the Company's 2018 Equity Incentive Plan, as amended (the "Plan"), with fifty percent (50%) of the RSUs to vest on the first anniversary of the date of grant, and the remaining fifty percent (50%) to vest on the second anniversary of the date of grant; provided that the RSUs shall vest immediately upon the occurrence of (i) a change in control, provided that the Reporting Person is employed by or providing services to the Company and its affiliates on the closing date of such change in control, (ii) the Reporting Person's termination of employment or service from the Company and its affiliates by reason of the Reporting Person's death or disability, or (iii) the Reporting Person's termination of employment or service by the Company without cause.
Documents
Issuer
Akers Biosciences, Inc.
CIK 0001321834
Entity typeother
Related Parties
1- filerCIK 0001268331
Filing Metadata
- Form type
- 4
- Filed
- Sep 10, 8:00 PM ET
- Accepted
- Sep 11, 6:24 PM ET
- Size
- 6.3 KB