WHEATON CHRISTOPHER 4
4 · BSQUARE CORP /WA · Filed Jan 15, 2021
Insider Transaction Report
Form 4
BSQUARE CORP /WABSQR
WHEATON CHRISTOPHER
Chief Financial Officer
Transactions
- Award
Performance Stock Units
2021-01-13+200,000→ 200,000 totalExp: 2025-07-05→ Common Stock (200,000 underlying)
Footnotes (1)
- [F1]Each performance stock unit represents a contingent right to receive one share of Issuer common stock. If the volume-weighted average price of Issuer's common stock during any 180 calendar day-period in the period beginning on January 5, 2021 and ending on July 4, 2025 equals or exceeds $3.25, $4.25 and $6.25 (each, a "Performance Condition"), then one-third of the PSUs will become eligible to vest at each such price. Vesting occurs upon the later of (i) the date of achievement of applicable Performance Condition, or (ii) the service vesting date, which vests as to 25% on January 5, 2022, and as to 6.25% on each of April 5, 2022, July 5, 2022, October 5, 2022, January 5, 2023, April 5, 2023, July 5, 2023, October 5, 2023, January 5, 2024, April 5, 2024, July 5, 2024, October 5, 2024 and January 5, 2025, subject to reporting person's continued employment with Issuer through each such date.