SCHEDER-BIESCHIN MAX 4
4 · Globe Photos, Inc. · Filed Aug 23, 2019
Insider Transaction Report
Form 4
SCHEDER-BIESCHIN MAX
Chief Financial Officer
Transactions
- Award
Employee Stock Option (Right to buy)
2019-08-22+100,000→ 100,000 totalExercise: $8.00Exp: 2029-08-21→ Common Stock (100,000 underlying) - Award
Restricted Stock Units
2019-08-22+25,000→ 25,000 total→ Common Stock (25,000 underlying) - Award
Employee Stock Option (Right to buy)
2019-08-22+125,000→ 125,000 totalExercise: $8.00Exp: 2029-08-21→ Common Stock (125,000 underlying)
Footnotes (4)
- [F1]Restricted stock units convert into common stock on a one-for-one basis.
- [F2]On August 22, 2019, the reporting person was granted 25,000 restricted stock units vesting (i) 50% on the date reporting person began providing services to the issuer and (ii) the remaining 50% on the six-month anniversary of the date reporting person began providing services to the issuer.
- [F3]On August 22, 2019, the reporting person was granted 100,000 options to purchase common stock which shall vest and become exercisable upon the earlier of (i) the first anniversary of the date reporting person began providing services to the issuer or (ii) the consummation of an underwritten public offering and listing with Nasdaq.
- [F4]On August 22, 2019, the reporting person was granted 125,000 options to purchase common stock which shall vest and become exercisable as follows: 12,500 of the options will vest in the first fiscal quarter in which the Company's trailing twelve month ("TTM") revenues exceed $10,000,000. The remaining options will vest in 12,500 option increments in the first fiscal quarter in which the Company exceeds $10,000,000 in additional TTM revenues. All 125,000 options will vest and become exercisable in the first quarter in which the Company's TTM revenues exceed $30,000,000.