Van Hove Caroline F. 4
4 · Sientra, Inc. · Filed Nov 13, 2020
Insider Transaction Report
Form 4
Sientra, Inc.SIEN
Van Hove Caroline F.
Director
Transactions
- Award
Common Stock
2020-11-08+100,000→ 143,986 total - Award
Performance Rights
2020-11-08+100,000→ 100,000 totalExp: 2030-11-08→ Common Stock (100,000 underlying) - Award
Employee Stock Option (Right to Buy)
2020-11-08+100,000→ 100,000 totalExercise: $4.41Exp: 2030-11-08→ Common Stock (100,000 underlying)
Footnotes (3)
- [F1]Each restricted stock unit represents a contingent right to receive one share of Sientra, Inc. Class A Common Stock. The restricted stock units shall vest as follows: 25,000 on on the first anniversary of the grant date; 25,000 on on the second anniversary of the grant date; 25,000 on on the third anniversary of the grant date; and 25,000 on on the fourth anniversary of the grant date
- [F2]The option shall vest as follows: 25,000 shares of common stock on the first anniversary of the grant date; the remaining 75,000 shares of common stock shall vest in thirty-six (36) equal consecutive monthly installments beginning on the thirteenth (13th) month following the grant date.
- [F3]Each performance right restricted stock unit ("PRSU") represents a contingent right to "receive one share of common stock of Sientra, Inc. The PRSUs shall vest as follows: (i) 25,000 PRSUs shall vest on the first business day following the 30-day volume weighted average price of the Company's common stock (the "Target VWAP") exceeding $10 per share; (ii) 25,000 PRSU's shall vest on the first business day following the Target VWAP exceeding $15 per share; (iii) 25,000 shall vest on the first business day following the Target VWAP exceeding $20 per share; (iv) 25,000 shall vest on the first business day following the Target VWAP exceeding $25 per share.