Patton Stephana Eilene 4
4 · CUTERA INC · Filed Mar 8, 2024
Insider Transaction Report
Form 4
CUTERA INCCUTR
Patton Stephana Eilene
Chief Legal Officer
Transactions
- Award
COMMON STOCK
2024-03-06+25,000→ 25,000 total - Award
COMMON STOCK
2024-03-06+25,000→ 50,000 total - Award
Stock Option (Right to Buy)
2024-03-06+25,000→ 55,000 totalExercise: $2.11Exp: 2031-03-06→ COMMON STOCK (25,000 underlying) - Award
COMMON STOCK
2024-03-06+30,000→ 80,000 total - Award
Stock Option (Right to Buy)
2024-03-06+30,000→ 30,000 totalExercise: $2.11Exp: 2031-03-06→ COMMON STOCK (30,000 underlying)
Footnotes (5)
- [F1]25,000 shares of the securities represent restricted stock units (RSUs) granted to the reporting person. Each RSU represents a contingent right to receive one share of Common Stock. 25% of the shares shall vest on November 13, 2024 and then 1/12 of the remaining shares shall vest quarterly thereafter, subject to the reporting person continuing to be a service provider through each such date.
- [F2]25,000 shares of the securities represent performance stock unit awards (PSU) granted to the reporting person. Each PSU represents a contingent right to receive one share of Common Stock. A quantity equal to 25% of the shares shall become eligible for time-based vesting if the 30-calendar day trailing average of the Company's closing common stock price meets or exceeds $10.00 within four years of the grant date. Once the foregoing condition is attained, 25% of the award shall vest on the later of (i) the date such condition is attained or (ii) the commencement date plus one year, and then 1/12 of the remaining shares shall vast quarterly thereafter, subject to the reporting person continuing to be a service provider through each such date.
- [F3]30,000 shares of the securities represent performance stock unit awards (PSU) granted to the reporting person. Each PSU represents a contingent right to receive one share of Common Stock. A quantity equal to 25% of the shares shall become eligible for time-based vesting if the 30-calendar day trailing average of the Company's closing common stock price meets or exceeds $20.00 within four years of the grant date. Once the foregoing condition is attained, 25% of the award shall vest on the later of (i) the date such condition is attained or (ii) the commencement date plus one year, and then 1/12 of the remaining shares shall vast quarterly thereafter, subject to the reporting person continuing to be a service provider through each such date.
- [F4]30,000 shares of the stock option will vest according to the following schedule: One-fourth of the shares subject to the option shall vest on November 13, 2024 and then 1/36 of the remaining shares subject to the option shall vest monthly thereafter, subject to the reporting person continuing to be a service provider through each such date.
- [F5]25,000 shares of the stock options will vest according to the following schedule: 50% of the shares subject to the option shall vest on November 21, 2024 and then 1/24 monthly thereafter for 12 months, subject to the reporting person continuing to be a service provider through each such date.