Kipe David 4
4 · SYSTEMAX INC · Filed Oct 4, 2018
Insider Transaction Report
Form 4
SYSTEMAX INCSYX
Kipe David
SVP & Chief Operations Officer
Transactions
- Award
Common Stock
2018-10-02+5,117→ 5,974 total - Award
Employee Stock Option (right to buy)
2018-10-02+17,550→ 17,550 totalExercise: $31.66Exp: 2028-10-02→ Common Stock (17,550 underlying)
Footnotes (2)
- [F1]On October 2, 2018, the reporting person was granted 5,117 restricted stock units pursuant to the Company's 2010 Long Term Incentive Plan, which vest in four installments: 1,280 shares on October 2, 2019, 1,279 shares on October 2, 2020, 1,279 shares on October 2, 2021 and 1,279 shares on October 2, 2022.
- [F2]On October 2, 2018, the reporting person was granted 17,550 stock options pursuant to the Company's 2010 Long Term Incentive Plan, which vest over three years in equal installments of 5,850, starting on February 1, 2020 based on the achievement of a minimum adjusted operating income as determined in a manner consistent with the methods used in the Issuer's regular reports on Form 10K and Form 10Q.