Groves Douglas L 4
4 · ITERIS, INC. · Filed Nov 22, 2021
Insider Transaction Report
Form 4
ITERIS, INC.ITI
Groves Douglas L
Senior Vice President & CFO
Transactions
- Award
Restricted Stock Units
2021-11-18+12,450→ 12,450 total→ Common Stock (12,450 underlying) - Award
Stock Option (Right to Buy)
2021-11-18+50,000→ 50,000 totalExercise: $5.00Exp: 2031-11-17→ Common Stock (50,000 underlying)
Footnotes (4)
- [F1]Each restricted stock unit represents a contingent right to receive one share of common stock upon the vesting date.
- [F2]The RSUs vesting schedule is as follows: 50% after two years measured from the grant date and the last 50% after three years measured from the grant date.
- [F3]The expiration date will be three years measured from the grant date.
- [F4]The Stock option becomes exercisable in a series of four (4) successive equal annual installments (i.e. one-fourth of the shares each year) upon optionee's completion of each year of service over the four (4) year period measured from the grant date.