Carr Janet A 4
4 · TANDY LEATHER FACTORY INC · Filed Oct 17, 2018
Insider Transaction Report
Form 4
Carr Janet A
DirectorCEO
Transactions
- Award
RESTRICTED STOCK UNIT
2018-10-02+184,000→ 644,000 totalExercise: $0.00From: 2019-12-31→ COMMON STOCK, PAR VALUE $0.0024 (184,000 underlying) - Award
RESTRICTED STOCK UNIT
2018-10-02+460,000→ 460,000 totalExercise: $0.00From: 2019-10-02Exp: 2023-10-02→ COMMON STOCK, PAR VALUE $0.0024 (460,000 underlying)
Footnotes (3)
- [F1]THE RESTRICTED STOCK UNITS WERE ACQUIRED PURSUANT TO A STAND ALONE RESTRICTED STOCK UNIT AGREEMENT. THE AWARD VESTS IN FIVE EQUAL ANNUAL INSTALLMENTS BEGINNING OCTOBER 2, 2019.
- [F2]THE RESTRICTED STOCK UNITS WERE ACQUIRED PURSUANT TO A STAND ALONE RESTRICTED STOCK UNIT AGREEMENT. 50% OF THE AWARD VESTS WHEN TLF'S ANNUAL OPERATING INCOME EXCEEDS $12 MILLION FOR TWO CONSECUTIVE YEARS, WHILE THE OTHER 50% OF THE AWARD VESTS WHEN TLF'S ANNUAL OPERATING INCOME EXCEEDS $14 MILLION.
- [F3]THESE RESTRICTED STOCK UNITS DO NOT EXPIRE.