Belcher Eric D 4
4 · INNERWORKINGS INC · Filed Nov 1, 2018
Insider Transaction Report
Form 4
Belcher Eric D
President and COO
Transactions
- Exercise/Conversion
Common Stock
2018-10-31$6.00/sh+375,000$2,250,000→ 864,886 total - Exercise/Conversion
Stock Option (right to buy)
2018-10-31−375,000→ 0 totalExercise: $6.00Exp: 2018-11-14→ Common Stock (375,000 underlying) - Tax Payment
Common Stock
2018-10-31$7.19/sh−340,430$2,447,692→ 524,456 total
Footnotes (3)
- [F1]Represents the final planned "net exercise" of outstanding stock options with a November 14, 2018 expiration date, as contemplated by the previously disclosed February 2018 Transition Agreement between Mr. Belcher and InnerWorkings, Inc. These shares were withheld by InnerWorkings Inc. for payment of the exercise price and applicable taxes, based on the closing price of InnerWorkings, Inc. common stock at the time of the option exercise on October 31, 2018 of $7.19.
- [F2]The "net exercise" resulted in a net increase to Mr. Belcher's beneficially owned non-derivative securities of 34,570 shares.
- [F3]These options vested in 20% annual installments beginning November 14, 2009.