Baker Eli 4
4 · Target Hospitality Corp. · Filed May 22, 2020
Insider Transaction Report
Form 4
Baker Eli
President, CFO and Secretary10% Owner
Transactions
- Exercise/Conversion
Common Stock, par value $0.0001 per share
2020-05-20+10,929→ 825,429 total - Award
Restricted Stock Units
2020-05-20+56,180→ 74,414 total→ Common Stock (56,180 underlying) - Exercise/Conversion
Restricted Stock Units
2020-05-20−10,929→ 63,485 total→ Common Stock (10,929 underlying)
Footnotes (3)
- [F1]Each restricted stock unit represents a contingent right to receive upon vesting one share of common stock of the Issuer, par value $0.0001 per share ("Common Stock"), or its cash equivalent.
- [F2]On May 21, 2019, the Reporting Person was granted 10,929 restricted stock units ("RSUs") which vest in full on the first anniversary of the grant date or, if earlier, the date of the first annual meeting of the stockholders of the Issuer following the grant date, subject to the terms and conditions of the previously disclosed Target Hospitality Corp. 2019 Incentive Award Plan (the "Plan") and the award agreement. Subject to certain exceptions, vested shares will be delivered upon separation of service from the Board of Directors of the Issuer ("BOD"). On May 20, 2020, the Reporting Person was granted 56,180 RSUs which vest in full on the first anniversary of the grant date or, if earlier, the date of the first annual meeting of the stockholders of the Issuer following the grant date, subject to the Plan and award agreement. Subject to certain exceptions, vested shares will be delivered upon separation of service from the BOD.
- [F3]Total also includes, as contemplated by the Director Retainer Reduction Equity Award Program, 7,305 RSUs granted on April 1, 2020 which vest ratably on June 30, September 30 and December 31, 2020 subject to the Plan and award agreement.