4//SEC Filing
Krandel Judy 4
Accession 0001213900-19-008057
CIK 0001355839other
Filed
May 7, 8:00 PM ET
Accepted
May 8, 4:06 PM ET
Size
9.7 KB
Accession
0001213900-19-008057
Insider Transaction Report
Form 4
PeerStream, Inc.PEER
Krandel Judy
Director
Transactions
- Award
Stock Option (Right to Buy)
2019-05-07+142,857→ 142,857 totalExercise: $3.55From: 2019-05-07Exp: 2029-05-06→ Common Stock (142,857 underlying) - Disposition to Issuer
Stock Option (Right to Buy)
2019-05-07−142,857→ 0 totalExercise: $4.55Exp: 2026-11-14→ Common Stock (142,857 underlying)
Footnotes (2)
- [F1]Represents the cancellation of a stock option on May 7, 2019 pursuant to a cancellation agreement. The cancelled stock option was granted on November 15, 2016. Under this stock option, the shares of common stock underlying the stock option would have vested and become exercisable in four equal annual installments, beginning on the six month anniversary of the date of grant; provided, that upon the effective date of a "change in control" (as defined in the PeerStream, Inc. 2016 Long-Term Incentive Plan (the "Plan")), 50% of the then-unvested shares would have immediately vested on the date of the change in control and the remaining 50% of the then-unvested shares would have vested 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. The reporting person received a new stock option representing the right to purchase 142,857 shares of common stock as consideration for the cancellation as disclosed herein.
- [F2]This stock option was granted pursuant to a stock option agreement dated May 7, 2019 (the "New Option Agreement"). Pursuant to the New Option Agreement, 50% of the shares of common stock underlying this stock option vested on the date of grant, 25% of the shares of common stock underlying this stock option will vest on May 15, 2019 and 25% of the shares of common stock underlying this stock option will vest in 12 equal installments on the 15th day of each month, with the first such tranche vesting on June 15, 2019 and the last such tranche vesting on May 15, 2020; provided, that upon the effective date of a "change in control" (as defined in the 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 New Option Agreement.
Documents
Issuer
PeerStream, Inc.
CIK 0001355839
Entity typeother
Related Parties
1- filerCIK 0001668351
Filing Metadata
- Form type
- 4
- Filed
- May 7, 8:00 PM ET
- Accepted
- May 8, 4:06 PM ET
- Size
- 9.7 KB