4//SEC Filing
Logan William Lindsey IV 4
Accession 0001415889-22-006730
CIK 0001356093other
Filed
Jun 16, 8:00 PM ET
Accepted
Jun 17, 4:17 PM ET
Size
9.5 KB
Accession
0001415889-22-006730
Insider Transaction Report
Form 4
Transactions
- Award
Stock Option (Right to buy)
2022-03-22+80,000→ 80,000 totalExercise: $2.53From: 2022-03-22Exp: 2030-05-20→ Common Stock (80,000 underlying) - Award
Stock Option (right to buy)
2022-06-15+600,000→ 600,000 totalExercise: $1.00Exp: 2025-06-15→ Common Stock (600,000 underlying)
Holdings
- 6,068
Common Stock
Footnotes (2)
- [F1]On June 1, 2020, the reporting person was granted an option to purchase 240,000 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 80,000 shares.
- [F2]The option becomes exercisable, if at all, based on price per share as follows: 30,000 shares vest at a share target price of $2.00; 60,000 shares vest at a share target price of $3.00; 90,000 shares vest at a share target price of $4.00; 120,000 shares vest at a share target price of $5.00; 150,000 shares vest at a share target price of $6.00; and 150,000 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 0001741920
Filing Metadata
- Form type
- 4
- Filed
- Jun 16, 8:00 PM ET
- Accepted
- Jun 17, 4:17 PM ET
- Size
- 9.5 KB