Rystrom Brent Robert 4
4 · RiceBran Technologies · Filed Oct 3, 2018
Insider Transaction Report
Form 4
Rystrom Brent Robert
CFO and EVP
Transactions
- Award
Common Stock Option, right to buy
2018-10-01+150,000→ 150,000 totalExercise: $2.86Exp: 2028-10-01→ Common Stock (150,000 underlying) - Award
Restricted Stock Units
2018-10-01+330,000→ 330,000 total→ Common Stock (330,000 underlying)
Footnotes (3)
- [F1]The option vests and becomes exercisable as to 25% of the option shares annually beginning October 1, 2019.
- [F2]Each restricted stock unit (RSU) represents a contingent right to receive one share of common stock.
- [F3]The RSU shares vest based upon a vesting price equal to the volume weighted average trading price of our common stock over sixty-five consecutive trading days. The RSU shares vest as to (i) 7,500 shares if the vesting price equals or exceeds $5.00 per share, (ii) 22,500 shares if the vesting price equals or exceeds $10.00 per share and (iii) 300,000 shares on the later of (a) October 1, 2019 and (b the date the vesting price equals or exceeds $15.00 per share. The shares covered by the RSU would be issued following vesting as provided in the 2014 Equity Incentive Plan and RSU agreement.