Mittal Arun 4
4 · Power REIT · Filed Aug 15, 2012
Insider Transaction Report
Form 4
Mittal Arun
Corporate Secretary, Treasurer
Transactions
- Award
Common
2012-08-13$0.01/sh+10,000$100→ 78,000 total(indirect: See footnotes 1-3) - Award
Common
2012-08-13$7.96/sh+60,000$477,600→ 78,000 total(indirect: See footnotes 1-3)
Footnotes (3)
- [F1]10,000 restricted shares of common stock were awarded to Caravan Partners LLC on August 13, 2012, pursuant to the Trust's 2012 Equity Incentive Plan; the award vests in three-equal annual installments beginning with the first anniversary of the grant. Mr. Mittal provides business development and other services to the Trust through Caravan Partners LLC.
- [F2]A non-qualified option to acquire 60,000 shares of common stock were awarded to Caravan Partners LLC on August 13, 2012, pursuant to the Trust's 2012 Equity Incentive Plan; the award vests in three-equal annual installments beginning with the first anniversary of the grant, have a ten-year term and a strike price equal to the closing price of the stock on August 13, 2012. Mr. Mittal provides business development and other services to the Trust through Caravan Partners LLC.
- [F3]Arun Mittal has beneficial ownership of 78,000 shares: 8,000 directly and 70,000 indirectly through Mr. Mittal's wholly-owned affiliate, Caravan Partners LLC.