GAYNOR JOSEPH J JR 4
4 · LIGHTPATH TECHNOLOGIES INC · Filed Oct 27, 2017
Insider Transaction Report
Form 4
GAYNOR JOSEPH J JR
DirectorPreaident & CEO
Transactions
- Award
Restricted stock unit
2017-10-26+25,354→ 25,354 totalExercise: $0.00From: 2018-10-26→ Class A common stock (25,354 underlying) - Award
Incentive stock option
2017-10-26$4.24/sh+28,795$122,091→ 28,795 totalExercise: $4.24From: 2018-10-26Exp: 2027-10-26→ Class A common stock (28,795 underlying)
Footnotes (3)
- [F1]Each restricted stock unit represents a contingent right to receive one share of Class A common stock. The Restricted stock unit was granted to the reporting person in satisification of certain performance criteria being met for the fiscal year ended June 30, 2017.
- [F2]The restricted stock units vest equally over a three year period beginning on October 26, 2018. All directors have elected to defer receipt of the shares until they are no longer on the board. Any unvested restricted stock units will vest immediately upon the director leaving the board.
- [F3]The incentive stock option was granted to the reporting person in satisfaction of certain performance criteria being met for the fiscal year ended June 30, 2017. The incentive stock option vests in three equal installments beginning on October 26, 2018.