4//SEC Filing
MILLS RICHARD C 4
Accession 0001415889-22-006723
CIK 0001356093other
Filed
Jun 16, 8:00 PM ET
Accepted
Jun 17, 4:14 PM ET
Size
10.6 KB
Accession
0001415889-22-006723
Insider Transaction Report
Form 4
MILLS RICHARD C
DirectorChief Executive Officer
Transactions
- Award
Stock Options (right to buy)
2022-03-22+160,000→ 160,000 totalExercise: $2.53From: 2022-03-22Exp: 2030-05-20→ Common Stock (160,000 underlying) - Award
Stock Options (right to buy)
2022-06-15+1,000,000→ 1,000,000 totalExercise: $1.00Exp: 2025-06-15→ Common Stock (1,000,000 underlying)
Holdings
- 702,259
Common Stock
- 87,976(indirect: By LLC)
Common Stock
Footnotes (3)
- [F1]The Reporting Person is a principal of RFK Communications, LLC and has voting and investment power for this entity.
- [F2]On June 1, 2020, the reporting person was granted an option to purchase 480,000 shares of common stock. The option vests in three equal annual installments based on certain performance criteria for each of the fiscal years ending December 31, 2020, 2021, and 2022. The performance criteria for 2021 have been met, resulting in vesting of the option as to 160,000 shares.
- [F3]The option becomes exercisable, if at all, based on price per share as follows: 50,000 shares vest at a share target price of $2.00; 100,000 shares vest at a share target price of $3.00; 150,000 shares vest at a share target price of $4.00; 200,000 shares vest at a share target price of $5.00; 250,000 shares vest at a share target price of $6.00; and 250,000 shares vest at the "Guaranteed Price." The "Guaranteed Price" has the meaning as defined in the Agreement and Plan of Merger by and among Reflect Systems, Inc., Creative Realities, Inc., CRI Acquisition Corporation and RSI Exit Corporation dated as of November 12, 2021 (the "Merger Agreement") (as filed with the SEC on Form 8-K dated November 12, 2021) and means (a) $6.40 per share, or (b) $7.20 per share if and only if certain customers set forth in the Merger Agreement collectively achieve over 85,000 billable devices online at any time on or before December 31, 2022.
Documents
Issuer
CREATIVE REALITIES, INC.
CIK 0001356093
Entity typeother
Related Parties
1- filerCIK 0001076128
Filing Metadata
- Form type
- 4
- Filed
- Jun 16, 8:00 PM ET
- Accepted
- Jun 17, 4:14 PM ET
- Size
- 10.6 KB