4//SEC Filing
Gallo Victor 4
Accession 0001593968-22-001460
CIK 0001593548other
Filed
Sep 29, 8:00 PM ET
Accepted
Sep 30, 8:18 PM ET
Size
14.4 KB
Accession
0001593968-22-001460
Insider Transaction Report
Form 4
Gallo Victor
GC Secy and Compliance Officer
Transactions
- Exercise/Conversion
Phantom Stock Unit
2022-09-27−10,552→ 73,862 total→ Common Stock (10,552 underlying) - Award
Phantom Stock Units
2021-10-20+42,207→ 42,207 total→ Common Stock (42,207 underlying) - Exercise/Conversion
Common Stock
2022-09-27+10,552→ 119,628 total - Award
Phantom Stock Units
2021-10-20+42,207→ 88,414 total→ Common Stock (42,207 underlying) - Tax Payment
Common Stock
2022-09-27$6.13/sh−4,153$25,458→ 115,475 total
Footnotes (8)
- [F1]Each share of phantom stock was the economic equivalent of one share of PlayAGS, Inc. common stock. The Company settled 100% of these shares of phantom stock for shares of PlayAGS, Inc. common stock.
- [F2]Excluded from the calculation of the amount of beneficially owned securities are 16,155 unvested restricted stock units held by the reporting person as of transaction date.
- [F3]Exempt transaction pursuant to Rule 16b-3(e) - payment of exercise price or tax liability by delivering or withholding securities incident to the vesting of restricted shares, as approved by the Issuer's board of directors in accordance with Rule 16b-3. All of the shares reported as disposed of on this Form 4 were relinquished by the Reporting Person and cancelled by the Issuer in exchange for the Issuer's agreement to pay federal and state tax withholding obligations of the Reporting Person resulting from the settlement of vested restricted shares. The Reporting Person did not sell or otherwise dispose of any of the shares reported on this Form 4 for any reason other than to cover required taxes.
- [F4]Each phantom stock unit represents a contingent right to receive one share of PlayAGS common stock or cash.
- [F5]Each share of phantom stock was the economic equivalent of one share of PlayAGS, Inc. common stock. The Company settled 100% of these shares of phantom stock for shares of PlayAGS, Inc. common stock.
- [F6]The PSUs vest ratably in equal annual installments on each of the first four anniversaries following 9/21/2021, subject generally to the participant's continued employment through the vesting date.
- [F7]This late filing is due to an inadvertent administrative error and not any error of the reporting person.
- [F8]The PSUs vest on the first day that the average closing price per share of the company's common stock for the prior 60 consecutive trading days exceeds $9.06, but only if such achievement occurs prior to 9/21/2025, and if such achievement occurs prior to 9/21/2022, the vesting shall not occur until 9/21/2022, in each case, subject generally to the participant's continued employment through the vesting date.
Documents
Issuer
PlayAGS, Inc.
CIK 0001593548
Entity typeother
Related Parties
1- filerCIK 0001724995
Filing Metadata
- Form type
- 4
- Filed
- Sep 29, 8:00 PM ET
- Accepted
- Sep 30, 8:18 PM ET
- Size
- 14.4 KB