BUDMAN ARTHUR SCOTT 4
4 · Generation NEXT Franchise Brands, Inc. · Filed May 4, 2018
Insider Transaction Report
Form 4
BUDMAN ARTHUR SCOTT
DirectorChief Executive Officer
Transactions
- Other
Stock Option (right to buy)
[F1]2018-02-23+300,000→ 300,000 totalExercise: $0.87→ Common Stock (300,000 underlying)
Footnotes (1)
- [F1]The 300,000 options, which have a strike price of $0.87 per share, vest (i) fifty percent (50%) upon either 1,200 units installed or $45 million in cumulative revenue recognized by the Company and (ii) fifty percent (50%) upon either 2,000 units installed or $75 million in cumulative revenue recognized by the Company, at the Committee's discretion.
Signature
Anthony G. Mauriello, as Attorney-in-Fact|2018-05-04