4//SEC Filing
Fischel David Leo 4
Accession 0001493152-21-012354
CIK 0001289340other
Filed
May 19, 8:00 PM ET
Accepted
May 20, 4:15 PM ET
Size
6.9 KB
Accession
0001493152-21-012354
Insider Transaction Report
Form 4
Fischel David Leo
Director
Transactions
- Award
Performance share units
2021-05-20+13,000,000→ 13,000,000 totalExp: 2030-12-31→ Common Stock (13,000,000 underlying)
Footnotes (3)
- [F1]Each performance share unit represents a contingent right to receive one share of the Issuer's common stock.
- [F2]On February 23, 2021, the Issuer's board of directors, based upon the recommendation of the Compensation Committee, granted the reporting person a performance share unit award of up to 13,000,000 shares of common stock (the "Award"), subject to stockholder approval of the issuance of the shares under the Award. The Issuer's stockholders approved the issuance of the shares under the Award on May 20, 2021.
- [F3]The Award consists of ten tranches which vest based on the attainment of market capitalization milestones, and subject to the reporting person continuing to serve as the Chief Executive Officer, Executive Chairman or such other mutually agreed upon significant role with the Issuer from the grant date through December 31, 2030, all subject to the exceptions set forth in the Award agreement. The market capitalization milestones are subject to adjustment following certain acquisitions and spin-off transactions by the Issuer, and the number of shares subject to the Award shall be adjusted following stock splits, stock dividends, combinations or reclassifications of shares, recapitalization, consolidation, split-up, merger, or similar transactions. The service component of the award will be waived upon the occurrence of certain events in set forth in the Award agreement. The Award agreement has been filed as an exhibit to the Company's filings with the Securities and Exchange Commission.
Documents
Issuer
Stereotaxis, Inc.
CIK 0001289340
Entity typeother
Related Parties
1- filerCIK 0001685913
Filing Metadata
- Form type
- 4
- Filed
- May 19, 8:00 PM ET
- Accepted
- May 20, 4:15 PM ET
- Size
- 6.9 KB