4//SEC Filing
Torricelli Robert G 4
Accession 0001493152-24-009234
CIK 0001014111other
Filed
Mar 6, 7:00 PM ET
Accepted
Mar 7, 4:58 PM ET
Size
8.6 KB
Accession
0001493152-24-009234
Insider Transaction Report
Form 4
Torricelli Robert G
Director
Transactions
- Award
Restricted Stock Unit
2023-09-22+935→ 935 total→ Common Stock (935 underlying) - Award
Non-Qualified Stock Option
2023-09-22+331→ 331 totalExercise: $10.00→ Common Stock (331 underlying)
Footnotes (3)
- [F1]The restricted stock unit ("RSUs") may be settled solely in cash. The Awardee of each cash-settled RSU shall be entitled to receive an amount equal to the product of the excess of (i) the fair market value of one share of common stock of GlassBridge Enterprises, Inc. (the "Company") as of the business day immediately preceding the date on which the cash-out notice is delivered to the Company minus (ii) $164.95.
- [F2]The RSUs shall vest in proportion to (i) the aggregate number of Series 1 RSUs and Series 2 RSUs (as each such term is defined in the Stock Purchase Agreement dated as of September 25, 2023 by and between the Company and Tacora Capital, L.P. ("Tacora")) purchased by Tacora, divided by (ii) 75,000 (in all events without duplication), but in any event in equal quarterly installments over a 4-year period beginning on September 25, 2023.
- [F3]The shares underlying the Option shall vest over a four-year period in equal quarterly installments beginning on September 22, 2023.
Documents
Issuer
GlassBridge Enterprises, Inc.
CIK 0001014111
Entity typeother
Related Parties
1- filerCIK 0001700139
Filing Metadata
- Form type
- 4
- Filed
- Mar 6, 7:00 PM ET
- Accepted
- Mar 7, 4:58 PM ET
- Size
- 8.6 KB