Beckley Frederic 4
4 · Spark Networks SE · Filed May 2, 2022
Insider Transaction Report
Form 4
Beckley Frederic
General Counsel and CAO
Transactions
- Award
Stock Option
2022-04-30+90,000→ 90,000 totalExercise: $0.00Exp: 2029-05-31→ American Depository Shares (90,000 underlying) - Award
Stock Option
2022-04-30+190,000→ 190,000 totalExercise: $2.93Exp: 2029-05-31→ American Depository Shares (190,000 underlying)
Footnotes (3)
- [F1]Each stock option is granted under the Spark Networks SE (the "Company") 2020 Long Term Incentive Plan and represents the right to receive, upon exercise, a certain amount in cash determined based on the relevant strike price of the option minus the strike price of such option; provided, however, that the Company may elect to settle options in American Depository Shares ("ADS") or Ordinary Shares of the Company instead of cash at its sole discretion.
- [F2]Subject to the employee's continued service to the Company, (i) 25% of the total number of options granted to the employee vest 12 months after the grant date of such option, and (ii) an additional 6.25% of such options shall vest at the end of each additional three month period thereafter until the end of the 48th month after the relevant grant date.
- [F3]Each American Depository Share ("ADS") represents 0.1 Ordinary Shares of Spark Networks SE (the "Company").