Berry Jonathan Andrew 4
4 · Flux Power Holdings, Inc. · Filed Nov 9, 2020
Insider Transaction Report
Form 4
Transactions
- Award
Time Based Restricted Stock Units
2020-11-05+3,515→ 3,515 totalExercise: $0.00→ Common Stock (3,515 underlying) - Award
Performance Based Restricted Stock Units
2020-11-05+5,272→ 5,272 totalExercise: $0.00→ Common Stock (5,272 underlying) - Award
Retention Based Restricted Stock Units
2020-11-05+7,030→ 7,030 totalExercise: $0.00→ Common Stock (7,030 underlying)
Footnotes (3)
- [F1]Represents a grant of restricted stock units ("RSUs") pursuant to the Issuer's 2014 Equity Incentive Plan ("Plan") on November 5, 2020 (the "Grant Date"). Each RSU represents the right to receive, upon vesting of the unit, one share of the Issuer's common stock. The RSUs are scheduled to cliff vest at the end of three years, as long as the reporting person has completed three years of service of the vesting schedule.
- [F2]Represents a maximum grant of RSUs pursuant to the Issuer's Plan on the Grant Date, contingent upon the terms and conditions of the Performance Restricted Stock Unit Award Agreement under the Issuer's Plan based on target performance goals approved by the Issuer's board of directors (the "Board") for each fiscal period. Each RSU represents the right to receive, upon vesting of the unit, one share of the Issuer's common stock. The RSUs will vest in one-third installments at the end of each fiscal period of the Issuer over a three-year period.
- [F3]Represents a one-time grant of RSU pursuant to the Issuer's Plan on the Grant Date. Each RSU represents the right to receive, upon vesting of the unit, one share of the Issuer's common stock. The RSUs are scheduled to cliff vest at the end of three years, as long as the reporting person remains employed with the Issuer at the time of vesting.