ELEPHANT TALK COMMUNICATIONS CORP 4
4 · ELEPHANT TALK COMMUNICATIONS CORP · Filed Oct 8, 2015
Insider Transaction Report
Form 4
VAN DER VELDEN STEVEN PAUL KAREL MARIE
DirectorPresident; CEO10% Owner
Transactions
- Award
Common Stock
2015-10-06+337,850→ 642,007 total(indirect: See Footnote)
Footnotes (1)
- [F1]The shares of Common Stock were issued to Interfield Consultancy (CI) Ltd., an entity wholly owned by the reporting person pursuant to the Issuer's Amended and Restated 2008 Long-Term Incentive Compensation Plan, as amended, in respect of Q3 2015 service as a non-employee director. The grant for 3 2015 service represented a value of US $91,872.00 The number of shares issued for each month during the quarter was determined based on the average closing price of the Common Stock for the 10 trading days prior to the close of each month of the quarter, discounted by 25%.