Inspired Entertainment, Inc. 4/A
4/A · Inspired Entertainment, Inc. · Filed May 10, 2017
Insider Transaction Report
Form 4/AAmended
Alvarez Luke Lyon
DirectorChief Executive Officer
Transactions
- Award
Common Stock
2016-12-29+926,272→ 926,272 total - Purchase
Common Stock
2016-12-29$10.00/sh+150,720$1,507,200→ 1,091,303 total
Footnotes (4)
- [F1]Grant of restricted stock pursuant to the Inspired Entertainment, Inc. 2016 Long-Term Incentive Plan (the "Plan").
- [F2]The shares of restricted stock vest in three equal installments: Installment 1 -- On the later of (i) December 23, 2017 and (ii) the day following the first period of thirty (30) consecutive trading days during which the average of the closing prices for the Common Stock is $12.50 or higher. Installment 2 -- On the later of (i) December 23, 2018 and (ii) the day following the first period of thirty (30) consecutive trading days during which the average of the closing prices for the Common Stock is $15.00 or higher. Installment 3 -- On the later of (i) December 23, 2019 and (ii) the day following the first period of thirty (30) consecutive trading days during which the average of the closing prices for the Common Stock is $17.50 or higher.
- [F3]This amended Form 4 reflects (i) the reduction of 14,311 shares of restricted stock awarded on December 29, 2016 under the Plan in order to administratively correct an error in the calculation of such award and (ii) an administrative correction to the date of the purchase disclosed herein.
- [F4]Purchase pursuant to compensation arrangement in which Mr. Alvarez agreed to use 50% of his cash bonus to subscribe for shares of common stock at a price of $10.00 per share.