Molloy Peter 4
4 · Taronis Fuels, Inc. · Filed Jan 8, 2021
Insider Transaction Report
Form 4
Molloy Peter
Director
Transactions
- Award
Stock Option (Right to Buy)
2021-01-07+33,875→ 33,875 totalExercise: $3.69Exp: 2031-01-07→ Common Stock (33,875 underlying)
Footnotes (3)
- [F1]Represents options to purchase shares of common stock issued to Mr. Molloy at his election in lieu of $50,000 of board member base retainer cash compensation due to Mr. Molloy for the fiscal year ending December 31, 2021.
- [F2]The options to purchase shares of common stock vest in equal or approximately equal installments each week through the end of the December 31, 2021 fiscal year.
- [F3]The Compensation Committee of the Issuer's Board of Directors determined to issue Mr. Molloy options to purchase shares of common stock equal to two and half (2.5) times the number of shares of common stock that would have been issued to Mr. Molloy if he elected to receive shares common stock in lieu of $50,000 of board member base retainer cash compensation due to Mr. Molloy for the fiscal year ending December 31, 2021, based on the $3.69 closing price of the Issuer's common stock on January 6, 2021 as report on the OTCQB.