CONCURRENT COMPUTER CORP/DE 4
4 · CONCURRENT COMPUTER CORP/DE · Filed Oct 16, 2015
Insider Transaction Report
Form 4
Elder Derek
President and CEO
Transactions
- Award
Common Stock
2015-10-15+45,000→ 115,000 total - Disposition to Issuer
Common Stock
2015-10-15−120,000→ 70,000 total
Footnotes (2)
- [F1]On October 15, 2015, the Company entered into an amendment (the "Amendment") to its employment agreement dated November 18, 2014 (the "Employment Agreement") with Mr. Elder. Pursuant to the terms of the Amendment, the Company and Mr. Elder agreed to rescind the 120,000 restricted stock awards ("RSAs") initially granted under the Concurrent Computer Corporation 2011 Stock Incentive Plan to Mr. Elder pursuant to the terms of the Employment Agreement. This rescission is effective as of November 21, 2014, the date the RSAs were initially granted to Mr. Elder.
- [F2]In connection with the execution of the Amendment, Mr. Elder was granted 45,000 RSAs. This grant will vest in equal installments over three years on each anniversary of the grant date, provided that Mr. Elder remains employed on each such date.