Richardson Kevin A II 4
4 · SANUWAVE Health, Inc. · Filed Feb 25, 2020
Insider Transaction Report
Form 4
Richardson Kevin A II
10% Owner
Transactions
- Award
Stock Options
2020-01-30+5,200,000→ 5,200,000 totalExercise: $0.20Exp: 2022-12-31→ Common Stock, $0.01 par value (5,200,000 underlying)
Footnotes (2)
- [F1]The Company does not have sufficient authorized shares available for the issuance of shares of Common Stock upon the exercise of the Option, but the Company plans to seek shareholder approval of an increase in its authorized shares of Common Stock at this year's annual meeting of stockholders.
- [F2]Subject to the recipient's continued service and, all of the shares subject to the Option shall vest and become exercisable on the date on which the ten day average trading price for a share of the Company's Common Stock equals or exceeds $0.60 on or before December 31, 2022. If the forgoing condition has not been achieved on or before December 31, 2022, the Option shall be forfeited and cancelled as of December 31, 2022.