4//SEC Filing
Thornton Joe 4
Accession 0001700971-18-000003
CIK 0001316898other
Filed
May 15, 8:00 PM ET
Accepted
May 16, 5:46 PM ET
Size
5.9 KB
Accession
0001700971-18-000003
Insider Transaction Report
Form 4
JAMBA, INC.JMBA
Thornton Joe
SVP, Chief Operations Officer
Transactions
- Award
Common Stock
2018-05-14+75,000→ 75,000 total
Footnotes (2)
- [F1]The securities reported in this column consist of 75,000 restricted stock units which give the Reporting Person a contingent right to receive at a future date one share of JMBA common stock for each RSU held and will be settled in shares on the applicable vesting date. Of the 75,000 RSUs, 5,000 are subject to time-based vesting and will vest in equal annual installments on each of March 20, 2018, March 20, 2019 and March 20, 2020. Of the remaining RSUs, 35,000, 20,000 and 15,000 RSUs will vest upon the 30th consecutive trading day the closing price of JMBA common stock equals or exceeds $19.50, $24.00 and $28.50, respectively, or upon a change of control whereby JMBA's stockholders receive a per share consideration equaling or exceeding such target price, so long as the target price is achieved during the three year period beginning on the vesting commencement date, and in each case so long as the Reporting Person remains an employee of JMBA and/or its affiliates.
- [F2]Inducement grants provided for in Mr. Thornton's 2017 employment offer letter. With the Company's 2017 10-K filed on May 11, 2018, the Company was able to file the Form S-8 for such inducement grants in order to issue such grants.
Documents
Issuer
JAMBA, INC.
CIK 0001316898
Entity typeother
Related Parties
1- filerCIK 0001700971
Filing Metadata
- Form type
- 4
- Filed
- May 15, 8:00 PM ET
- Accepted
- May 16, 5:46 PM ET
- Size
- 5.9 KB