LEAF GROUP LTD. 4
4 · LEAF GROUP LTD. · Filed May 19, 2017
Insider Transaction Report
Form 4
LEAF GROUP LTD.LFGR
Quandt R James
Director
Transactions
- Award
Common Stock, $0.0001 par value
2017-05-17+4,747→ 69,907 total - Award
Stock Option (right to buy)
2017-05-17+9,360→ 67,698 totalExercise: $7.90Exp: 2027-05-17→ Common Stock (9,360 underlying)
Footnotes (3)
- [F1]In connection with his continued service on the Company's board of directors (the "Board") following the Company's annual stockholder meeting, and pursuant to the Company's Outside Director Compensation Program, Mr. Quandt was granted 4,747 restricted stock units ("RSUs"). Each RSU represents the right to receive one share of the Company's common stock upon vesting. Subject to Mr. Quandt's continued service on the Board through the applicable vesting date, these RSU's will vest in 12 substantially equal installments on each three month anniversary of the grant date.
- [F2]Includes 23,461 unvested RSUs.
- [F3]In connection with his continued service on the Board following the Company's annual stockholder meeting, and pursuant to the Company's Outside Director Compensation Program, Mr. Quandt was granted a nonqualified stock option covering 9,360 shares of the Company's common stock. Subject to Mr. Quandt's continued service on the Board through the applicable vesting date, the shares subject to this stock option will vest and become exercisable in 36 substantially equal installments on each monthly anniversary of the grant date.