Cousins William M. 4
4 · ITERIS, INC. · Filed Dec 6, 2022
Insider Transaction Report
Form 4
ITERIS, INC.ITI
Cousins William M.
SVP and Chief Product Officer
Transactions
- Award
Stock Option (Right to Buy)
2022-12-02+46,296→ 46,296 totalExercise: $3.13Exp: 2032-12-02→ Common Stock (46,296 underlying) - Award
Restricted Stock Units
2022-12-02+13,392→ 13,392 total→ Common Stock (13,392 underlying)
Footnotes (4)
- [F1]Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of common stock upon the vesting date.
- [F2]The RSUs vesting schedule is as follows: 50% after two years measured from the grant date and the last 50% after three years measured from the grant date.
- [F3]The expiration date will be three years measured from the grant date.
- [F4]The stock option becomes exercisable in a series of four (4) successive equal annual installments (i.e. one-fourth of the shares each year) upon optionee's completion of each year of service over the four (4) year period measured from the grant date.