Evans Hugh M 4
4 · AquaVenture Holdings Ltd · Filed Feb 26, 2019
Insider Transaction Report
Form 4
Evans Hugh M
Director
Transactions
- Award
Deferred Compensation - Phantom Share Unit
2019-02-24+5,540→ 5,540 total→ Ordinary Share (5,540 underlying)
Holdings
- 49,776
Ordinary Shares
Footnotes (3)
- [F1]Each phantom share unit (which is in the form of a deferred compensation share unit) is the economic equivalent of one ordinary share of the Issuer.
- [F2]Represents the number of phantom share units credited to the reporting person's deferred account pursuant to the Issuer's Independent Directors' Deferred Compensation Program (the "Program") which was established under the Issuer's 2016 Share Option and Incentive Plan (the "Plan"). The number of whole and fractional phantom share units credited to the reporting person's deferred account is equal to the number of Restricted Share Units that would otherwise be granted on such date.
- [F3]100% of the phantom share units granted shall vest on February 24, 2020. Once vested, the phantom share units credited to the reporting person's deferred account shall be settled in ordinary shares upon the earlier of the reporting person's death, disability, separation from the board, sale event (as defined in the Plan) or December 31, 2021