Jackson Christopher S. 5
5 · ADVANCED CREDIT TECHNOLOGIES INC · Filed Apr 4, 2018
Insider Transaction Report
Form 5
Transactions
- Award
Incentive Stock Option Award
2017-07-28+500,000→ 6,600,000 total→ Common Stock (500,000 underlying) - Award
Incentive Stock Option Award
2017-07-28+500,000→ 9,600,000 total→ Common Stock (500,000 underlying) - Award
Incentive Stock Option Award
2017-07-28+500,000→ 10,100,000 total→ Common Stock (500,000 underlying) - Award
Incentive Stock Option Award
2017-07-28+500,000→ 8,600,000 total→ Common Stock (500,000 underlying) - Award
Incentive Stock Option Award
2017-07-28+500,000→ 8,100,000 total→ Common Stock (500,000 underlying) - Award
Annual Stock Award
2017-07-28+100,000→ 5,600,000 total→ Common Stock (100,000 underlying) - Award
Incentive Stock Option Award
2017-07-28+500,000→ 6,100,000 total→ Common Stock (500,000 underlying) - Award
Incentive Stock Option Award
2017-07-28+500,000→ 7,100,000 total→ Common Stock (500,000 underlying) - Award
Incentive Stock Option Award
2017-07-28+500,000→ 7,600,000 total→ Common Stock (500,000 underlying) - Award
Incentive Stock Option Award
2017-07-28+500,000→ 9,100,000 total→ Common Stock (500,000 underlying)
Footnotes (4)
- [F1]Annual Stock Awards are awarded annually starting on 7/28/2018 and will continue to be received annually so long as the Executive is in continuous service to the Company as defined by the Employment Agreement.
- [F2]Each Incentive Stock Option Award is earned upon the Company achieving increments of $1,000,000 in Gross Revenue (the "milestone") up until the Company achieves $10,000,000 in cumulative Gross Revenue.
- [F3]Each Incentive Stock Option Award expires 5 years from the date each milestone is achieved.
- [F4]Strike Price for each Incentive Stock Option Award shall be set at 110% of the average of the closing bid price for the ten days preceding the Company's achievement of each milestone.