Lerner Eric 4
4 · SYSTEMAX INC · Filed Feb 12, 2020
Insider Transaction Report
Form 4
SYSTEMAX INCSYX
Lerner Eric
Senior VP & General Counsel
Transactions
- Award
Common Stock
2020-02-10+2,239→ 17,560 total - Tax Payment
Common Stock
2020-02-10$23.65/sh−974$23,035→ 16,586 total - Award
Employee Stock Option (right to buy)
2020-02-10+7,383→ 7,383 totalExercise: $23.65Exp: 2030-02-10→ Common Stock (7,383 underlying)
Footnotes (3)
- [F1]Shares of common stock issued upon vesting of performance-based restricted stock units in accordance with the terms of a Performance-based Restricted Stock Unit award originally granted on January 17, 2019 (the "2019 Restrictive Award").
- [F2]Shares surrendered for payment of tax liability incident to vesting of the 2019 Restrictive Award.
- [F3]The Employee Stock Option (right to buy) granted on February 10, 2020 have a four year vesting schedule with: 1,971 of the options vesting on the first anniversary date of the grant date; 1,971 of the options vesting on the second anniversary date of the grant date; 1,971 of the options vesting on the third anniversary date of the grant date; and 1,970 of the options vesting on the fourth anniversary date of the grant date.