4//SEC Filing
Schaefer Claudia 4
Accession 0001721767-18-000003
CIK 0001316898other
Filed
May 15, 8:00 PM ET
Accepted
May 16, 5:49 PM ET
Size
8.4 KB
Accession
0001721767-18-000003
Insider Transaction Report
Form 4
JAMBA, INC.JMBA
Schaefer Claudia
SVP, Chief Marketing Officer
Transactions
- Award
Common Stock
2018-05-14+45,000→ 45,000 total - Award
Stock Option (Right to Buy Common Stock)
2018-05-14+35,000→ 35,000 totalExercise: $9.71Exp: 2028-05-14→ Common Stock (35,000 underlying)
Footnotes (3)
- [F1]The securities reported in this column consist of 45,000 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 45,000 RSUs, 10,000 are subject to time-based vesting and will vest in equal annual installments on each of November 6, 2018, November 6, 2019, and November 6, 2020. Of the remaining RSUs, 17,500, 10,000 and 7,500 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 Ms. Schaefer'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.
- [F3]Of the 35,000 stock options, one-fourth will vest and become exercisable on each of November 6, 2018, November 6, 2019, November 6, 2020 and November 6, 2021, in each case subject to the Reporting Person's continued employment with JMBA and/or its affiliates.
Documents
Issuer
JAMBA, INC.
CIK 0001316898
Entity typeother
Related Parties
1- filerCIK 0001721767
Filing Metadata
- Form type
- 4
- Filed
- May 15, 8:00 PM ET
- Accepted
- May 16, 5:49 PM ET
- Size
- 8.4 KB