Berry Jonathan Andrew 4/A
4/A · Flux Power Holdings, Inc. · Filed Nov 2, 2021
Insider Transaction Report
Form 4/AAmended
Transactions
- Award
Performance Based Restricted Stock Units
2021-10-29+9,450→ 9,450 totalExercise: $0.00→ Common Stock (9,450 underlying) - Award
Time Based Restricted Stock Units
2021-10-29+6,300→ 6,300 totalExercise: $0.00→ Common Stock (6,300 underlying)
Footnotes (3)
- [F1]Represents a grant of restricted stock units ("RSUs") pursuant to the Issuer's 2014 Equity Incentive Plan ("Plan") on October 29, 2021 (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 will vest annually in one-third installments over 3 years with the first installment vest date occurring one year from October 27, 2021.
- [F2]Represents a grant of RSUs pursuant to the 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 is subject to a 3 year "cliff vesting", with the number of RSUs determined by performance targets for the period from January 1, 2022 to June 30, 2022. If the performance targets are not achieved, the RSUs will terminate.
- [F3]Clerical error as to the Grant Date.