WALKER INNOVATION INC. 4
4 · WALKER INNOVATION INC. · Filed Mar 20, 2017
Insider Transaction Report
Form 4
Siegel Jonathan
See Remarks
Transactions
- Award
Stock Option (Right to Buy)
2017-03-20+75,000→ 75,000 totalExercise: $0.43Exp: 2025-03-20→ Common Stock (75,000 underlying) - Award
Stock Option (Right to Buy)
2017-03-20+425,000→ 425,000 totalExercise: $0.43Exp: 2024-02-14→ Common Stock (425,000 underlying) - Disposition to Issuer
Stock Option (Right to Buy)
2014-02-14−425,000→ 0 totalExercise: $3.60Exp: 2024-02-14→ Common Stock (425,000 underlying) - Disposition to Issuer
Stock Option (Right to Buy)
2015-03-20−75,000→ 0 totalExercise: $1.37Exp: 2025-03-20→ Common Stock (75,000 underlying)
Footnotes (4)
- [F1]The transaction reported herein reflects a repricing of options (the "Repricing") that was approved by Walker Innovation Inc. stockholders on January 17, 2017. The stock options were originally granted to the reporting person February 14, 2014. As a result of the Repricing, such options now have a lower exercise price; other than the reduced exercise price, there have been no changes in the terms of such options. However, under Section 16 of the Securities Exchange Act of 1934 and the rules thereunder, a reduction in the exercise price of any option is treated as effectively canceling the old option and granting a new option as of the effective date of the repricing, and thus is being reported accordingly in this Form 4.
- [F2]Stock option granted pursuant to the Walker Innovation Inc. (formerly known as Patent Properties, Inc.) 2015 Long-term Incentive Plan in respect of 141,666 shares exercisable from and after February 14, 2015; 141,667 shares exercisable from and after February 14, 2016; and 141,667 shares exercisable from and after February 14, 2017.
- [F3]The transaction reported herein reflects a repricing of options (the "Repricing") that was approved by Walker Innovation Inc. stockholders on January 17, 2017. The stock options were originally granted to the reporting person March 20, 2015. As a result of the Repricing, such options now have a lower exercise price; other than the reduced exercise price, there have been no changes in the terms of such options. However, under Section 16 of the Securities Exchange Act of 1934 and the rules thereunder, a reduction in the exercise price of any option is treated as effectively canceling the old option and granting a new option as of the effective date of the repricing, and thus is being reported accordingly in this Form 4.
- [F4]Stock option granted pursuant to the Walker Innovation Inc. (formerly known as Patent Properties, Inc.) 2015 Long-term Incentive Plan in respect of 25,000 shares exercisable from and after February 14, 2016; 25,000 shares exercisable from and after February 14, 2017; and 25,000 shares exercisable from and after February 14, 2018.