Jones Michael Gwynne 4
4 · Snap Interactive, Inc · Filed Nov 9, 2017
Insider Transaction Report
Form 4
Jones Michael Gwynne
Director
Transactions
- Award
Stock Option (Right to Buy)
2017-11-07+54,000→ 54,000 totalExercise: $2.00From: 2018-06-13Exp: 2027-11-06→ Common Stock (54,000 underlying)
Footnotes (2)
- [F1]This stock option was granted pursuant to a stock option agreement dated November 7, 2017 (the "Option Agreement"). Under this stock option, 33% of the shares of common stock underlying this stock option will vest on June 13, 2018 (the "First Vesting Date"), 33% of the shares of common stock underlying this stock option will vest on the first anniversary of the First Vesting Date, and 33% of the shares of common stock underlying this stock option will vest on the second anniversary of the First Vesting Date, as long as the reporting person is employed by Snap Interactive, Inc. or a subsidiary on such dates;
- [F2]provided, that upon the effective date of a "change in control" (as defined in the Snap Interactive, Inc. 2016 Long-Term Incentive Plan), 50% of the then-unvested shares immediately will vest on the date of the change in control and the remaining 50% of the then-unvested shares will vest on the earlier of (i) the original date such shares would have vested or (ii) the first and second anniversaries of the date of the change in control in equal installments, in each case subject to the terms and conditions of the Option Agreement.