Mitchell Todd T 4
4 · RiceBran Technologies · Filed Mar 30, 2020
Insider Transaction Report
Form 4
Mitchell Todd T
CFO and EVP
Transactions
- Disposition to Issuer
Restricted Stock Units
2020-03-24−125,000→ 0 totalExp: 2024-05-28→ Common Stock (125,000 underlying)
Footnotes (2)
- [F1]Each restricted stock unit (RSU) represents a contingent right to receive one share of common stock.
- [F2]The RSU shares vest based upon a vesting price equal to the volume weighted average trading price of our common stock over sixty-five consecutive trading days. The RSU shares vest as to (i) 12,500 shares if the vesting price equals or exceeds $5.00 per share, (ii) 37,500 shares if the vesting price equals or exceeds $10.00 per share and (iii) 75,000 shares on the later of (a) May 28, 2020 and (b) the date the vesting price equals or exceeds $15.00 per share. The shares covered by the RSU would be issued following vesting as provided in the 2014 Equity Incentive Plan and the RSU agreement.