Gregory Lee William 4
4 · Inspired Entertainment, Inc. · Filed Dec 27, 2017
Insider Transaction Report
Form 4
Gregory Lee William
See Remarks
Transactions
- Tax Payment
Common Stock
2017-12-23$9.90/sh−18,602$184,160→ 21,176 total - Exercise/Conversion
Common Stock
2017-12-23+39,578→ 39,778 total - Exercise/Conversion
Restricted Stock Units
2017-12-23−39,578→ 79,158 total→ Common Stock (39,578 underlying)
Footnotes (4)
- [F1]Represents vesting and settlement of restricted stock units ("RSUs") which convert into common stock on a one-for-one basis.
- [F2]Includes 200 shares acquired by the Reporting Person on September 4, 2017 under the Issuer's employee stock purchase plan in a transaction exempt from the reporting requirements under Section 16(a).
- [F3]The Issuer withheld these shares to satisfy the applicable withholding requirements upon vesting of the RSUs.
- [F4]The RSUs were granted to the Reporting Person on December 29, 2016. The first installment vested on December 23, 2017 and the remaining two installments vest ratably on December 23, 2018 and December 23, 2019, provided minimum price performance targets applicable to the installments (e.g., $15.00 and $17.50, respectively) have been reached based on the average closing prices for the Issuer's common stock for a period of at least thirty (30) consecutive trading days. If a specified price threshold has not been achieved prior to a scheduled vesting date, the portion of the award subject to that price threshold will vest on the first date thereafter when that price threshold is achieved, and provided further, that any unvested units shall expire on December 23, 2021 if a specified price threshold has not been reached by such date.