SITO MOBILE, LTD. 4
4 · SITO MOBILE, LTD. · Filed May 26, 2017
Insider Transaction Report
Form 4
Beatty Joseph
Director
Transactions
- Exercise/Conversion
Common Stock
2017-05-24$2.58/sh+25,000$64,500→ 44,965 total - Exercise/Conversion
Stock Option
2017-05-24−25,000→ 32,945 totalExercise: $2.58Exp: 2021-02-18→ Common Stock (25,000 underlying) - Tax Payment
Common Stock
2017-05-24$4.21/sh−15,320$64,497→ 29,645 total
Footnotes (2)
- [F1]Represents a "net exercise" of outstanding stock options. The reporting person received 9,680 shares of common stock on the net exercise of an option to purchase 25,000 shares of common stock. The reporting person forfeited 15,320 shares of common stock underlying the option in payment of the exercise price, based on the market price of SITO common stock on May 23, 2017 of $4.21.
- [F2]The stock option became exercisable upon the date of grant.