Groves Douglas L 4
4 · ITERIS, INC. · Filed Dec 6, 2022
Insider Transaction Report
Form 4
ITERIS, INC.ITI
Groves Douglas L
Senior Vice President & CFO
Transactions
- Award
Restricted Stock Units
2022-12-02+22,321→ 22,321 total→ Common Stock (22,321 underlying) - Award
Stock Option (Right to Buy)
2022-12-02+77,160→ 77,160 totalExercise: $3.13Exp: 2032-12-02→ Common Stock (77,160 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.