BUDOI GREGG R 4
4 · McorpCX, Inc. · Filed Sep 10, 2019
Insider Transaction Report
Form 4
McorpCX, Inc.MCCX
BUDOI GREGG R
CHIEF FINANCIAL OFFICER
Transactions
- Other
Call option to purchase common stock (right to buy)
2019-09-03+210,000→ 210,000 totalExercise: $0.22Exp: 2029-09-02→ Common Stock (210,000 underlying)
Footnotes (2)
- [F1]On September 3, 2019, the Reporting Person entered into a private stock option agreement with Michael Hinshaw, the chair of the Issuer's board of directors, whereby Mr. Hinshaw agreed to grant the Reporting Person the option to purchase up to 520,000 shares of the Issuer's common stock owned by Mr. Hinshaw at a price of $0.22 per share subject to the terms of such agreement.
- [F2]The options vest in three equal amounts on September 2, 2020, September 2, 2021 and September 2, 2022, respectively, as long as the Reporting Person remains on the Issuer's board of directors. The options are also subject to accelerated vesting in the event of a "change in control" of the Issuer.